Nokia Sells Here Maps To German Automakers

Here Maps

Nokia has at long last dumped its mapping service. 

The Finnish telecoms giant said on Monday that it had consented to sell its Here maps business to European automakers Audi, BMW and Daimler, who have consented to pay a sum of 2.8 billion euros ($3.1 billion, £2 billion). 

The way that the three noteworthy makers have collaborated to purchase Here shows how vital mapping information is to the fate of the auto business as new vehicles turn out to be more connected. The innovation gives them a feasible different option for mapping services offered by Google and Apple. The arrangement likewise permits them to move past basic satellite-navigation-style directions and toward the up and coming era of navigation: cars that can gather information to share constant reports on traffic, parking and different variables with different vehicles. Down the line, those highly precise,up-to-date maps will be essential for self-driving autos to know where they're going. 

The 150-year-old Finnish organization Nokia is best-known for making phones, particularly in Europe. Yet, since auctioning off its mobile division to Microsoft a year ago, it has been decreased to its three less popular divisions: Nokia Networks, which is into making networking equipments; Nokia Technologies, which is concerned with researching and developing new technology; and Here.. Nokia as of late built up its telecom hardware business with the acquisition of opponent Alcatel-Lucent. 

Here is accessible to the public as maps applications on Android, iOS and Windows Phone, yet the greater part of its business originates from licensing mapping information to different organizations, especially in the car business.