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July 07, 2015 2:24 PM ET

Internet Software and Services

Company Overview of HERE Holding Corporation

Company Overview

HERE Holding Corporation provides maps and other location content for navigation, location-based services, and mobile advertising applications around the globe. Its content is used in automotive navigation systems, portable and wireless devices, Internet-based mapping applications, and government and business solutions. The company also provides technical services, including strategic program management, technical customer support, system assessment testing, and customer engineering; and support services, which include distribution and marketing services. Its solutions are used by engineers and application developers, wireless (cellular) and Internet navigation service providers, automotive ...

425 West Randolph Street

Chicago, IL 60606

United States

Founded in 1985

3,349 Employees

Phone:

312-894-7000

Fax:

312-894-7050

Key Executives for HERE Holding Corporation

Executive Vice President of NAVTEQ Sales
Age: 51
Principal Accounting Officer, Vice President and Corporate Controller
Senior Vice President of Asia Pacific Sales
Age: 63
Senior Vice President of NAVTEQ Map
Age: 59
Senior Vice President of Human Resources
Age: 64
Compensation as of Fiscal Year 2015.

HERE Holding Corporation Key Developments

Nokia May Reportedly Sell HERE To German Carmakers

Nokia Corporation (HLSE:NOK1V) is leaning towards selling HERE Holding Corporation to a group of German carmakers including Daimler AG (XTRA:DAI), Bayerische Motoren Werke Aktiengesellschaft (DB:BMW), Volkswagen AG (XTRA:VOW3) and AUDI AG (DB:NSU), reports Bloomberg, citing people familiar with the matter. Despite preferring to sell HERE to the German group, sources said Nokia is not satisfied with their most recent offers and plans to pressure them by soliciting bids elsewhere in search of a desired $4 biilion price tag. Baidu, Inc. (NasdaqGS:BIDU) could partner with the German group, one source added.

NavInfo Eyeing HERE

NavInfo Co., Ltd. (SZSE:002405) is said to be interested in acquiring HERE Holding Corporation. NavInfo declared that the Board has agreed for the top management to evaluate HERE to decide whether to participate in bidding the latter. Other bidders included AUDI AG (DB:NSU), Bayerische Motoren Werke Aktiengesellschaft (DB:BMW), Mercedes-Benz Automobil AG, Uber Technologies, Inc., Baidu, Inc. (NasdaqGS:BIDU), Tencent Holdings Limited (SEHK:700), Microsoft Corporation (NasdaqGS:MSFT), Apax Partners LLP, Silver Lake, Hellman & Friedman LLC, Thoma Bravo, LLC, and EQT Partners AB. Nokia Corporation (HLSE:NOK1V) Chief Executive Officer said that HERE will be sold for reasonable prices.

Nokia CEO Says Not In a Hurry To Sell HERE

Nokia Corporation (HLSE:NOK1V) is in no hurry to sell its mapping unit HERE Holding Corporation despite receiving high quality bids, Chief Executive Rajeev Suri said in a trade magazine interview. Telecoms network equipment maker Nokia began a strategic review of its maps business.

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