AUDI, BMW and Daimler Have Acquired HERE for €2.8B

Audi, BMW and Daimler have announced the acquisition of digital map platform HERE from Nokia. The transaction values HERE at an enterprise value of EUR 2.8 billion. “The three partners will each hold an equal stake in HERE; none of them seeks to acquire a majority interest,“ the official statement said. After the usual clearance…

Details

TomTom Adds 13 New Countries

Dutch GPS maker TomTom revealed their have added 13 new countries to their navigable map database, now offering 45.6 million kilometers of roads in 134 countries. The 13 new countries are Macedonia, Bosnia & Herzegovina, Peru, Guatemala, Nicaragua, Panama, Costa Rica, Honduras, El Salvador, Iraq, Ghana, Rwanda and Burundi. In addition to that the company…

Details