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Navteq

Company

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Navteq - the American supplier of digital maps, data on the movement and location. Stopped work as the independent company after absorption by Nokia corporation in 2008.

Competitors: Navitel, Tele Atlas

Content

Number of employees
2017 year
5000

After series of transition from hand to hand, developments of the company for 2018 are used by HERE Technologies company.

2015: Audis, BMW and Daimler redeemed cards of Nokia

On August 3, 2015 the company Nokia announced sale of cartographic business to the German auto giants BMW, Daimler and Audi (enters into concern Volkswagen). The cost of purchase is estimated at 2.8 billion euros.

Under the name Here Nokia the Finnish company will receive from sale of division in net 2.5 billion euros, considering a business debt in 300 million euros. Shares in this asset will be equally divided between buyers. It is going to close the transaction in the first quarter 2016. By this time the solutions should state the relevant antimonopoly authorities. Read more here.

2008: Nokia buys Navteq for $8 billion and starts Ovi Maps

Acquisition of Navteq company by Nokia corporation for $8 billion took place in 2008.

Based on solutions of the company Ovi Maps (2007 - 2011) and Maps (2011 - 2012) Nokia - the service of online maps provided by Nokia company worked.

1985: Foundation of the company

In 1985 the Navteq company is founded.