Following quite a while of gossipy related to Nokia’s HERE maps, the organization has affirmed today that it’s sold HERE maps to a group of auto makers for $3 billion (€2.8 billion).

HERE MAPS

AUDI AG, BMW Group and Daimler AG formed a consortium to buy the mapping unit from Nokia.

The organization said that HERE’s emphasis is on “creating exact and precise mapping and also services that will empower an altogether new class of driver encounters, including computerized driving.”

Rajeev Suri, President and Chief Executive Officer of Nokia, said that “with this stride we finish the most recent phase of Nokia’s change” which makes room for the organizations arranged merger with Alcatel-Lucent.

When the mapping unit is sold, Nokia will comprise of two organizations: Nokia Networks and Nokia Technologies. The primary will keep on giving broadband administrations and foundation while the second will take a shot at “cutting edge innovation improvement and licensing.”

HERE MAPS

“I believe today’s announcement is a very good outcome for HERE, its customers and employees. The new ownership structure of HERE will allow us to accelerate our strategy, further scale our business and fulfill our intent to become the leading location cloud company across industries,” said HERE President Sean Fernback.

The buy is a move from the auto producers toward building their own particular stage for self-driving autos, which obliges exact mapping and GPS innovation.

About HERE

HERE, also a Nokia company will be leader in navigation, mapping and will provide a better location experience. HERE builds high definition maps that will combine with cloud tech to enable a better experience for the people using it. You will be able to connect HERE maps with smartphones tablets and vehicles. To learn more you can visit HERE 360 blog.

The Alcatel-Lucent merger will shut in the first a large portion of 2016.