Intelligent existent-fourth dimension maps, location-based services and highly-automated driving: the futurity of mobility lies in a digitized globe – one that can be reached through the products and services of Hither. First-rate maps and a new understanding of location-based services are the foundation for Here to go on on its successful growth form – as an open, independent and value creating company. This is to the benefit of the many hundreds of Hither customers from multiple industries.

AUDI AG, BMW Group and Daimler AG volition provide strong support for this development equally new HERE shareholders. The 3 premium manufacturers successfully concluded the acquisition of Nokia'due south mapping and location business concern HERE on four December, 2022 after receiving approvals from all competent authorities. The new shareholder and governance structure is designed to secure HERE'due south independence and allow for the seamless continuation of their solar day-to-day business.

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Hither's location platform is set to deliver loftier definition maps combined with real-time location data, providing customers a detailed representation of the existent earth in real time. This is achieved through HERE'due south leading mapping engineering science combined with countless data sources such equally cars, mobile phones, the transport and logistics sector likewise equally infrastructure elements.

While HERE currently powers its map with data from more than 80,000 sources and billions of probe points daily, the company is actively engaged in connecting to millions of vehicles and their on-lath sensors that generate information about the car's surroundings. The more data added to the HERE platform, the better its maps, products and services go. This brings a huge benefit for all customers leading to more comfort when travelling, safer roads for everybody, less congestion, and cleaner urban areas.

Hither beingness secured as an independent and open company creates new options to accelerate this effort with customers providing the company with huge quantities of anonymized data. In that context the currently more than than 2 one thousand thousand connected vehicles from AUDI AG, BMW Group and Daimler AG which are capable of collecting avant-garde high quality location based data already today offer enormous potential to accelerate the development of Hither's location platform. To enable Here to further enhance its location platform, improve its products and generate new services for all customers, the three companies, together with HERE, are evaluating the benefit of providing sensor data from their fleets to HERE. All customers – automotive, enterprise, consumers – are invited to join and do good, as such a step would make Hither even more attractive for customers and additional investors.

HERE already plays a fundamental role in the development of highly automatic driving, considering no vehicle manufacturer tin can successfully develop this future area of mobility without loftier precision, up-to-engagement maps. Generating these maps is precisely where HERE leads the way. Four out of five new vehicles sold in Europe and N America with in-automobile navigation take first-rate digital maps from HERE on board. In futurity, maps will requite vehicles the ability to effectively 'see around corners', enabling them to anticipate road hazards and prepare and adjust driving strategies accordingly in a mode that increases driver trust.

"No one understands the potential of digital maps better than the Hither team with its 6,500 employees worldwide. The shareholders will therefore give Hither free rein in accelerating its growth strategy," said Prof. Rupert Stadler, Chairman of the Lath of Direction of AUDI AG . "Here has again and again redefined the map over the last 30 years. It is our expectation that it will continue to atomic number 82 the industry in its next stage of innovation, thereby creating further value."

"The combination of this leading map technology with data from vehicles, devices and infrastructure will give HERE and its customers a clear advantage in the development of future mobility services," commented Klaus Fröhlich, Fellow member of the Lath of Management of BMW AG for Development . "As more partners and customers bring together this model, Here will be able to provide fifty-fifty better, more upwards-to-date maps and a precise digital real-fourth dimension representation of our world of mobility."

"Customers from the automotive industry are particularly interested in highly-automated driving. But HERE is much more than a market place leader in digital maps," explained Prof. Dr. Thomas Weber, Member of the Board of Management of Daimler AG, responsible for Group Research & Mercedes-Benz Cars Development . "With its loftier level of innovation and exceptional employees, the company has the potential to go the leading provider of technology for real-time location services in the digitized earth of mobility."

To achieve this, HERE will build on its current strengths and will add new capabilities. HERE aims to strengthen its market leadership among automotive customers and expand its consumer and enterprise businesses – through organic growth, every bit well as strategic partnerships and acquisitions. Hither'southward aim is to create i of the world'due south leading location platforms, which will combine data regarding all forms of mobility and the interfaces between our daily life and the earth of digital maps.

This long-term strategy is secured through a new governance structure, safeguarded by a supervisory lath that will consist of representatives of the new owners and independent, recognized industry figures. AUDI AG, BMW Group and Daimler AG do non acquire joint control of HERE and at that place is a clear separation between their roles as customers, suppliers and investors. In addition, Hither volition remain open to all customers, and be open up to other investors who would create an fifty-fifty broader shareholder construction. All this ensures that Here's unequivocal commitment to openness and independence is firmly established. After the successful closing of this investment, the three premium manufacturers expressed special thanks to Celsius Capital, under Carlos Bhola, for supporting them from the start and achieving a successful determination to this investment.