M&A Deal Summary

AUDI, Bayerische Motoren Werke and Daimler Acquire HERE Maps

On August 4, 2015, AUDI, Bayerische Motoren Werke and Daimler acquired software company HERE Maps from Nokia

Acquisition Highlights
  • This is AUDI’s 1st, Bayerische Motoren Werke’s 1st and Daimler’s 1st transaction in the Software sector.
  • This is AUDI’s 1st, Bayerische Motoren Werke’s 1st and Daimler’s 4th transaction in the United States.
  • This is AUDI’s 1st, Bayerische Motoren Werke’s 1st and Daimler’s 1st transaction in Illinois.

M&A Deal Summary
Date 2015-08-04
Target HERE Maps
Sector Software
Buyer(s) AUDI
Bayerische Motoren Werke
Daimler
Sellers(s) Nokia
Deal Type Divestiture

Target

HERE Maps

Chicago, Illinois, United States
HERE Maps is a provider of mapping and location services.

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Buyer(S) 3

Buyer

AUDI

Ingolstadt, Germany
Category Company
Sector Automotive
Revenue 55.7B EUR (2019)
DESCRIPTION

AUDI is a German automobile manufacturer that designs, engineers, manufactures and distributes automobiles. AUDI is based in Ingolstadt, Germany.

DEAL STATS #
Overall 4 of 5
Sector (Software) 1 of 1
Type (Divestiture) 2 of 2
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Nokia - HERE Digital Mapping and Location Services Business

Finland

HERE is a provider of navigation, mapping and location services. The Company builds high-definition (HD) maps and combine them with cloud technology to enable rich, real-time location experiences in a broad range of connected devices - from smartphones and tablets to wearables and vehicles.

Buy €2.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 TTTech Auto

Wien, Austria

TTTech Auto is specializes in safe software and hardware platforms for automated driving and beyond, applicable in series production programs. TTTech Auto is based in Wien, Austria.

Buy -
Buyer

Bayerische Motoren Werke

Munich, Germany
Category Company
Founded 1916
Sector Automotive
Employees154,950
Revenue 155.5B EUR (2023)
DESCRIPTION
Entrance to BMW's production facility in Greer, South Carolina.
Entrance to BMW's production facility in Greer, South Carolina.

Bayerische Motoren Werke is a global manufacturer of automobiles and motorcycles. Bayerisch Motoren Werke was founded in 1916 and is based in Munich, Germany.

DEAL STATS #
Overall 2 of 3
Sector (Software) 1 of 2
Type (Divestiture) 2 of 2
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Nokia - HERE Digital Mapping and Location Services Business

Finland

HERE is a provider of navigation, mapping and location services. The Company builds high-definition (HD) maps and combine them with cloud technology to enable rich, real-time location experiences in a broad range of connected devices - from smartphones and tablets to wearables and vehicles.

Buy €2.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Parkmobile

Atlanta, Georgia, United States

Parkmobile LLC provides smart parking and mobility solutions in North America, using a contactless approach to help millions of people easily find, reserve, and pay for parking on their mobile devices. Parkmobile LLC was founded in 2008 and is based in Atlanta, Georgia.

Buy -
Buyer

Daimler

Stuttgart, Germany
Category Company
Founded 1886
Sector Automotive
Employees289,643
Revenue 50.9B EUR (2022)
DESCRIPTION

Daimler with its businesses Mercedes-Benz Cars, Daimler Trucks, Daimler Financial Services, Mercedes-Benz Vans and Daimler Buses, is a global producer of passenger cars and heavy-and medium-duty trucks and buses. Daimler was founded in 1886 and is based in Stuttgart, Germany.

DEAL STATS #
Overall 6 of 8
Sector (Software) 1 of 2
Type (Divestiture) 2 of 2
State (Illinois) 1 of 1
Country (United States) 4 of 4
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Nokia - HERE Digital Mapping and Location Services Business

Finland

HERE is a provider of navigation, mapping and location services. The Company builds high-definition (HD) maps and combine them with cloud technology to enable rich, real-time location experiences in a broad range of connected devices - from smartphones and tablets to wearables and vehicles.

Buy €2.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-28 flinc

Darmstadt, Germany

flinc GmbH is a developer of share rides application software. flinc is based in Darmstadt, Germany.

Buy -

Seller(S) 1

SELLER

Nokia

Espoo, Finland
Category Company
Founded 1865
Sector Communications
Employees86,689
Revenue 22.3B EUR (2023)
DESCRIPTION

Nokia is a Finnish communications and information technology multinational corporation. Nokia was founded in 1865 and is based in Espoo, Finland.

DEAL STATS #
Overall 7 of 10
Sector (Software) 1 of 2
Type (Divestiture) 7 of 10
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Nokia - HERE Digital Mapping and Location Services Business

Finland

HERE is a provider of navigation, mapping and location services. The Company builds high-definition (HD) maps and combine them with cloud technology to enable rich, real-time location experiences in a broad range of connected devices - from smartphones and tablets to wearables and vehicles.

Sell €2.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 Alcatel-Lucent S.A.

Boulogne-Billancourt, France

Alcatel-Lucent S.A. is an integrated provider of voice, data and video communication services to end-users. Alcatel-Lucent offers fixed, mobile and converged broadband networking, IP technologies, applications and services to a variety of end users. Alcatel-Lucent S.A. was originally established in 1898 and is headquartered in Boulogne-Billancourt, France.

Buy $16.6B
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