Finnish Nokia has officially sells cartographic unit Here the German consortium of automakers, including Audi, BMW and Daimler. The unit, which is one of the world leaders in the field of navigation, content, estimated at 2.8 billion euros.
The deal requires the approval of regulators and is expected to be closed in the first quarter of 2016. Nokia will receive from buyers more than 2.5 billion euros (subject to commitments Here in a little less than 300 million euros). Each of the three automakers would receive an equal share in Here, which will form the basis for the development of management technology vehicles-UAVs, noted in a joint statement, Audi, BMW and Daimler.
Here will remain a separate company, and its products will still be available for customers in all industries.
The desire of the German automakers to acquire a map service Nokia due to fears that American tech giants such as Apple, Google or Facebook, will gain control of a key part of the technology needed to manage your vehicles-UAVs. The company expects that the purchase Here, a map service which is one of the most advanced in the world, will allow them to be one step ahead of the competition..
“The sale Here is the final step in the transformation of Nokia. In the future we intend to focus on the merger with Alcatel-Lucent. After the completion of this merger, Nokia will become the new company that will own the advanced network technologies and services,” said President and chief Executive officer Here Rajeev Suri.
In the first half of 2015 operating profit Here was 46 million euros on revenue of 552 million euros. At the end of June this year, the staff of the unit included 6,454 thousand employees
After the completion of the sale Here in Nokia will be two divisions: Nokia Networks, producing software and providing services in the field of broadband infrastructure, and Nokia Technologies involved in the development and licensing of various technologies.