Nokia Expects the Sale of HERE to Automotive Industry Consortium to Close on December 4, 2015

by | Dec 3, 2015

December 3, 2015 ” Espoo, Finland – Nokia today announced that following receipt of all required regulatory approvals, it now expects to complete the sale of HERE to a consortium of leading automotive companies, comprising AUDI AG, BMW Group and Daimler AG, ahead of schedule on December 4, 2015. Nokia earlier expected the transaction to close in the first quarter of 2016.

The transaction was originally announced on August 3, 2015.

About Nokia
By focusing on the human possibilities of technology, Nokia embraces the connected world to help people thrive. Our three businesses are leaders in their fields: Nokia Networks provides broadband infrastructure, software and services; HERE provides mapping, navigation and location intelligence; and Nokia Technologies provides advanced technology development and licensing. www.nokia.com

About HERE
HERE, a Nokia company, is a leader in navigation, mapping and location experiences. We build high-definition (HD) maps and combine them with cloud technology to enable rich, real time location experiences in a broad range of connected devices – from smartphones and tablets to wearables and vehicles. To learn more about HERE, including our work in the areas of connected and automated driving, visit http://360.here.com

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