Earth Imaging Journal: Remote Sensing, Satellite Images, Satellite Imagery
Breaking News
New Design and Function Announced for Battelle DroneDefender Counter-UAS Device
COLUMBUS, Ohio -Battelle today introduced a new, improved version...
Measure’s First Drone Services Franchise Opens in Illinois
SPRINGFIELD, Ill.- Measure, the largest U.S. provider of drone services...
SSL Selected to Help U.S. Air Force Test and Validate Scenarios for Hosting Payloads
PALO ALTO, Calif. — SSL, a leading provider of...
EagleView Captures Post-Event Aerial Imagery of 2 Million Properties Following Hurricane Irma
Bothell, WA (September 19, 2017) —Eagle View Technologies (“EagleView®”),...
POWER Engineers Announces Growing Number of Professionals in the Geospatial/Asset Management Solutions Business Unit
HAILEY, Idaho — What is an engineering firm to...

August 31, 2016
Digital Mapping Firm HERE Wants New Investor by Year-End: Handelsblatt

Digital maps company HERE, controlled by German carmakers BMW, Daimler and Volkswagen (VOWG_p.DE), aims to find a new investor by the end of the year, HERE chief Edzard Overbeek told a German newspaper.

"The carmakers want to open the circle of shareholders. We are talking to dozens of parties interested in taking a stake," daily Handelsblatt quoted Overbeek as saying in an interview published on Tuesday.

Germany's luxury automotive groups including Daimler's Mercedes-Benz, Volkswagen's Audi division and BMW bought HERE for 2.5 billion euros ($2.8 billion) from Nokia last year to create an alternative digital mapping business to Google.

Daimler confirmed in April it was in talks with Amazon.com and Microsoft about taking a minority stake in HERE. Auto supplier Bosch [ROBG.UL] has also said it was in talks with HERE.

"It is important to find the right mixture of owners... Partners from the IT sector, from logistics or retail are possible," Overbeek said, according to the newspaper, without naming any possible investors.

Intelligent mapping systems supply information to control self-driving cars, which are equipped with street-scanning sensors to measure traffic and road conditions. This location data can in turn be shared with other map users.

Comments are closed.