John Pletz On Technology

Mitsubishi, NTT take stake in digital mapmaker Here

The automaker and the telecom company are taking a 30 percent stake in Here. The companies did not disclose terms of the deal, but the Financial Times put the value at more than $1 billion.

Here's maps capture millions of data points.

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Here, the digital-mapping company that owns the former Navteq, got a boost today from two Japanese partners.

Automaker Mitsubishi and telecom company NTT are taking a 30 percent stake in Here. The companies declined to disclose the terms of the deal, but the Financial Times put the value at more than $1 billion.

That's good news for Here, which employs more than 1,000 workers in Chicago, many of them engineers, and is one of the city's biggest tech employers.

79彩票注册网址As one of a handful of major mapping platforms, Here is poised to play an increasingly important role in the auto industry in both the near term, as carmakers incorporate more location information, and long term, as they develop autonomous driving. Here also plays a role in the Internet of things as 5G wireless technology rolls out, allowing companies to track vehicles and other assets. 

Here's technologists in Chicago have been leading the development of next-generation digital mapping that is required for autonomous vehicles. But it will take a decade or two for self-driving cars to become a reality.

79彩票注册网址Since Here, based in Amsterdam, was acquired from Nokia in 2015 by automakers BMW, Audi and Daimler, it has been trying to sign up other automakers to the platform. , which are major electronics suppliers to the auto industry, are investors in the company, along with chipmaker Intel.

79彩票注册网址One of the challenges for Here in attracting other automakers as partners is not to be seen as captive to the three German car companies. Other carmakers must weigh their fears of being reliant on competitors with their fears of being dependent on Google.

   

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