Here has built its mapping and location business by acquiring location technology; the company is a combination of what was formerly
Navteq and Nokia Maps.
Navteq Navteq was an American company founded in 1985 as
Karlin & Collins, Inc., later known as
Navigation Technologies Corporation and eventually as Navteq. At the time of its acquisition by Nokia, Navteq was the largest maker of automotive-grade map data used in car navigation equipment. In October 2007,
Nokia acquired Navteq for $8.1 billion. The service was rebranded as HERE in 2012, bringing together mapping, location businesses, satellite navigation and other services under one brand. Nokia gained the rights to the software when it acquired
Berlin-based
route planning software company Gate 5 in August 2006, which then become the cornerstone for the company's mapping business. It then made the Smart2Go application free to download and it was rebranded to Nokia Maps. Later it expanded the suite with additional location services. The service was rebranded as HERE in 2012, bringing together mapping, location businesses, satellite navigation and other services under one brand.
Acquisitions and development under Nokia In 2008, Nokia picked up geosocial networking site
Plazes and the following year it bought mobile applications developer Bit-Side, social location pioneer Plum, and social travel service
Dopplr. In 2010, it acquired
MetaCarta, a leading enterprise local search service used by security and military. In April 2011, Nokia released a beta version of 3D maps that covered 20 cities in the world. By August 2011, the coverage had expanded to 23 cities, and in 2012, Nokia bought EarthMine, which specializes in street level 3D image capture. In May 2011,
Ovi Maps was renamed to
Nokia Maps when Nokia streamlined its services offering. In October 2011, Maps & Drive for
Windows Phone 7 (Mango) was announced, which was available on
Nokia Lumia phones (
710,
800 and in 2012, the
900). However, major features such as off-line routing and text-to-speech navigation of street names, compared to the Symbian version, were absent. These features were eventually brought over to the
Windows Phone platform in 2012.
Rebranding to HERE On 13 November 2012, Nokia announced that it would rebrand its location offering as
HERE to highlight its vision for the future of location-based services and its belief in the importance of mapping. In June 2014, Here announced that it had acquired
Medio, a Seattle-based start-up that specialized in
predictive analytics. In 2014,
Windows Phone's low market share, as well as the end of Nokia's partnership with Microsoft, led to the company prioritizing
Android and
iOS development. Here launched the HERE beta app for Samsung Galaxy smartphones in August 2014. Later in October the app became available on all Android devices running on 4.1 Jelly Bean or higher. The HERE app was re-launched for
iOS 8 platform on 11 March 2015.
German car makers' ownership On 3 August 2015, Here was sold to a consortium of German car makers
Audi,
BMW, and
Daimler AG. On 4 December 2015, the consortium completed the acquisition for €2.8 billion (US$2.9 billion). As of December 2015 the company had 6,500 employees. In December 2016, Navinfo,
Tencent and
GIC Private Limited (the Singapore sovereign wealth fund) agreed to buy a 10% stake in Here. But in September 2017, the offer of the three companies failed, as US authorities did not authorize the transaction. In January 2017, it was reported that
Intel was taking a 15% stake in the firm. In January 2018,
Continental and
Bosch acquired a 5% stake in HERE. In December 2019,
Mitsubishi Corporation and
NTT of Japan acquired a 30% stake in HERE. Upon completion of the transaction, HERE had nine direct and indirect shareholders: Audi, Bosch, BMW Group, Continental, Intel Capital, Mitsubishi Corporation, Mercedes-Benz, NTT and Pioneer. In November 2017, Here announced it would acquire Advanced Telematic Systems for an undisclosed amount. In January 2018, Here announced it would acquire indoor mapping company Micello for an undisclosed amount. ==Current ownership==