Audi, BMW Group and Daimler to acquire HERE digital mapping business from Nokia  [ Germany ]

Audi AG, the BMW Group and Daimler AG have agreed with Nokia Corporation that they will acquire Nokia’s mapping and location services business HERE for EUR 2.8 billion.The three partners will each hold an equal stake in HERE. The transaction is expected to close in the first quarter of 2016. Through this transaction, the three partners aim to advance the development of technologies in the...