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Consistent with previous reports of a sale of its HERE mapping to a consortium of German automobile manufacturers, Nokia issued a press release confirming earlier sale.
The German group includes AUDI AG, BMW Group and Daimler AG The purchase price, 2 3 8 billion 07 billion, was slightly higher than the estimated 2 5 billion 2 7 billion previously reported The transaction is expected to close in Q1 2016.
The sale HERE was motivated by the movement for the acquisition of Nokia manufacturer Alcatel-Lucent enterprise network equipment now has two business units Nokia Networks and Nokia Technology The company said it will continue to ensure the development and advanced technology licenses.
The 3 billion sale is much less than the August 1 Nokia billion paid in 2007 for Navteq, which became the basis of ICI At one point, Nokia plans ICI as a global challenger to Google Maps when he was still in the handset business it will soon be again, but as licensor of its brand, rather than an OEM.
According to Nokia, ICI had an operating profit of 28 million 30 million for the first half of 2015, about 1,100 of the sale price.
As previously reported, German manufacturers have been encouraged to buy HERE to support their self-driving car initiatives.
HERE lays the foundation for the next generation of mobility and localization services for the automotive industry, it is the basis of new assistance systems and ultimately lead fully autonomous extremely accurate digital maps will be used in combination with vehicle real-time data to improve road safety and facilitate innovative products and services based on the shared raw data, all vehicle manufacturers can offer their customers differentiated services specific to each brand.
Automakers said they would continue to invest in ICI and licenses its technology and data to third parties In the press release, they stated that ICI would continue to be a strong independent supplier of cards and services geolocation available to all customers in all sectors.
It remains to see if they continue to invest at levels that maintain the competitiveness of ICI's global mapping.
Greg Sterling is a contributing editor at Search Engine Land He writes a personal blog Screenwerk on the connection points between the behavior of digital media and consumers in the real world, he is also vice president of strategy and outlook for local search Association Follow him on Twitter or find Google.
HERE Maps Sale German carmakers confirmed Continue to a platform license, Here, maps, sale.