#nokia

No one will laugh at you for majoring in cartography anymore. Well, maybe not everyone. — Aaron

Daimler AG, Audi and BMW announced Friday that the trio had completed its purchase of Nokia’s mapmaking business, HERE, which the trio announced they were seeking to purchase in August.

The companies didn’t specify details about the transaction, and said they would announce more about their purchase on Monday. In August, the companies announced they were purchasing the mapmaking business, which provides cloud-based maps and data for more than 200 countries, to further develop “swarm technology” that could allow cars to communicate with each other.

Audi, BMW and Daimler have joined forces to buy map-making company Here from phone-maker Nokia for an undisclosed amount, the automakers announced Monday.

The purchase of the company, which provides cloud-based maps and location services to more than 200 countries, could help the automakers develop further technology for autonomous cars that use the crowd-sourced maps instead of unreliable and outdated humans to steer.

For as long as Uber has been around, the TNC has used Google Maps to guide all from the airport to the party. This could soon change upon a winning bid.

Having moved its smartphone business to Microsoft, Nokia’s next project is a $100 million investment fund for companies specializing in smart cars.