Rumour: Bosch in talks over investing in HERE
Issue Date: 2016-04-29

Bosch invented for lifeAuto supplier Bosch said it was in talks with high-definition digital maps company HERE, exploring whether to take a stake.

"It is conceivable," a spokesman told Reuters, adding that taking a financial stake in HERE, a company controlled by a consortium of BMW, Daimler and Volkswagen may not be the outcome of the talks.

The aim of the talks was to ensure that Bosch can continue to offer services to customers of HERE.

In July last year Dutch mapmaker TomTom and Bosch deepened a partnership on high-definition maps to refine the technology crucial for autonomous driving.

Earlier this week Daimler confirmed its was in talks with Amazon.com and Microsoft about taking a minority stake in HERE.

Germany's luxury carmakers including Daimler's Mercedes-Benz, Volkswagen's Audi division and BMW bought HERE for 2.5 billion euros ($2.8 billion) from Nokia last year to create an alternative digital mapping business to Google.