Monday, August 3, 2015

German auto companies buy Nokia’s mapping service – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          Autonomous driving vehicles need very precise road map to tackle the traffic.
     

 
                                              

 
 
     
     
     
         
         
                                                             

The German carmakers Daimler, Audi and BMW to buy for 2.8 billion euros map service Here the telecommunications group Nokia. This was announced by the Finnish company and the automaker said on Monday morning. The three partners assume Here each equal parts, none of them aspires to a majority. Subject to approval by the relevant antitrust authorities of the completion of the transaction in the first quarter 2016 is expected.


                         
         
         
                                                             
                                 

The former mobile phone world leader Nokia expects a net cash of 2.5 billion euros for the already for sale division. In addition, the deal is likely to be reflected by a non-recurring income of around EUR 1 billion in the books of the Finns, it said.


                         
         
         
                                                             

In the past few weeks had already emerged in media reports that the German carmaker will have the best chances of winning the award. In the auto industry going digital is a big issue for the future. Autonomous moving vehicles need very precise road map to tackle the traffic. Here will a “key role in the digital revolution of mobility” play, explained BMW boss Harald Krüger. Daimler CEO Dieter Zetsche called high-precision digital maps as a key building block for future mobility.


                         
         
         
                                                             

Here was a strong focus on needs of the auto industry and is primarily with centimeter-level card points for self-propelled vehicles. Like the Audi, BMW and Daimler informed rushed, Here is to offer its services as an independent company to customers in all industries.


                         
         
         
                                                             

Nokia cedes its mapping service in order to concentrate on its core business as a supplier of telecom networks and to buy the competitor Alcatel-Lucent. Nokia CEO Rajeev Suri builds Nokia currently for pure telecom equipment order.


                                 

 
  
 
 
 
                       

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German auto companies buy Nokia’s mapping service

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It’s official: Daimler, Audi and BMW jointly pay 2.8 billion euros for Nokia’s digital map service Here. You need very precise road map for a big issue for the future.

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