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German car manufacturers close to buying Nokias HERE


Article by: Darren Griffin
Date: 30 Jul 2015

pocketgpsworld.com
A number of sources are reporting that a trio of german car manufactures are close to completing a deal to acquire Nokia's HERE mapping service.

Audi, BMW and Mercedes Benz are said to be behind the purchase with a rumoured sale price of €2.5 billion. That would make a loss of over €5.5 billion on the price Nokia paid when they bought the mapping company Navteq in 2007.

Nokia's fortunes have taken a tumble in recent years, Nokia have explained the sale by stating they wish to focus on their infrastructure business which has also had a turbulent time in recent years.

The news is likely to cause some concern to TomTom who are hoping increased sales to automotive manufacturers with factory fit solutions employing TomTom maps and software will compensate for declining sales in PNDs. Garmin also have always used Navteq/Nokia map data in their devices, how they view the sale of their chosen map data company remains to be seen.

Source: Nokia.com



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Comments
Posted by rkm_hm on Fri Jul 31, 2015 11:33 am Reply with quote

Anyone care to speculate on what the effect will be for those who are currently using the free Here app?

Roger
TomTom via135

Satmap Active 10+ v1.50 with full UK 1:50k map and 1:25k/1:10k County maps of Hampshire & Warwickshire

  
Posted by idontspeed on Thu Aug 13, 2015 4:53 pm Reply with quote

Lets hope they dont turn it into a subscription based service or make it chargeable to download the maps. The unique thing about their sat-nav app is that it is free & works as good as a paid app or PND.

  
Posted by rkm_hm on Thu Aug 13, 2015 6:28 pm Reply with quote

idontspeed Wrote:
Lets hope they dont turn it into a subscription based service or make it chargeable to download the maps. The unique thing about their sat-nav app is that it is free & works as good as a paid app or PND.


Yes, indeed. But I rather fear that the Germans are going to want to get some revenue from it, bearing in mind that they've allegedly invested 2.5 billion Euros in the thing.

Roger
TomTom via135

Satmap Active 10+ v1.50 with full UK 1:50k map and 1:25k/1:10k County maps of Hampshire & Warwickshire

  
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