BMW/Mercedes/Audi buy kaartendienst LORD of Nokia

Posted on 03-08-2015 at 7:47 by sir_smokalot – 16 Comments”

A consortium of BMW, Audi and Daimler (Mercedes/Smart) has reportedly 2.5 billion euro consideration for Nokia’s kaartendienst LORD. In the Finnish techfabrikant the deal, however, not only for happy faces.

The deal was already a while in the air, but now the signatures are officially under the contract of sale. For the automobile manufacturers, it was important to save, because LORD else was swallowed by a techbedrijf car manufacturer like Google or Apple. Also taxiapp Uber was in the race. With the eye on the future, it is just as easy as a car manufacturer not to be dependent on someone else’s kaartendienst, especially when this company is in your waters is going to go.

Navteq

Nokia is since 2008, owner of the LORD, which then Navteq was called, and for less than € 7.6 billion was purchased. Here is so heavily charged. Also: even though there is no phone more sold, Nokia is still a huge company. The French kabelaar Alcatel-Lucent paid recently to more than 15 billion euros, so 2.5 billion is nice, but not the jackpot.

The deal is expected to close in the first quarter of 2016 around gmaakt, and the German Three are not stingy: LORD remains an independent company serving customers from all industries‘. If you pay, for nothing goes the sun. Also other car manufacturers are expected to in the future use of the service, or even investing in it. There is best growth in a automotive kaartendienst, especially when the autonomous car makes its appearance.

UPDATE: it is now officially, more info here.