After receiving approvals from antitrust authorities, AUDI AG, BMW Group and Daimler AG concluded the acquisition of HERE from Nokia on 4 December, 2015. Each company owns one third of the new entity.
The car makers said “a new governance structure, safeguarded by a supervisory board that will consist of representatives of the new owners and independent, recognized industry figures. AUDI AG, BMW Group and Daimler AG do not acquire joint control of HERE and there is a clear separation between their roles as customers, suppliers and investors. In addition, HERE will remain open to all customers, and be open to other investors who would create an even broader shareholder structure.
In that context the currently more than 2 million connected vehicles from AUDI AG, BMW Group and Daimler AG which are capable of collecting advanced high quality location based data already today offer enormous potential to accelerate the development of HERE’s location platform,“ they wrote in their joint press release.