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Press release #Automated mobility
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Bosch to acquire stake in map provider HERE

Scope for synergies with data-based services

  • Bosch to acquire 5 percent in HERE Technologies.
  • Bosch CEO Denner: “We see possible synergies with data-based services for Industry 4.0, smart homes, and smart cities.”
  • Focal point of collaboration between Bosch and HERE is global open platforms for all customers, automotive and non-automotive.
Joern Ebberg

Joern Ebberg

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Stuttgart, Germany – Bosch is acquiring 5 percent in HERE Technologies, a global provider of digital mapping and location services. The parties have agreed not to disclose the purchase price. The acquisition gives a boost to Bosch’s services business. It also helps HERE take a further step toward its goal of becoming a global provider of data-based real-time location services to customers both inside and outside the automotive industry. “Bosch is more than cars,” says Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH. “Industry 4.0, smart homes, and smart cities are rapidly growing areas of business for us, in which establishing and expanding data-based services will result in synergies with HERE.” Edzard Overbeek, the CEO of HERE Technologies, adds: “We are delighted to have brought on board a strong partner like Bosch, with its broad-based expertise in both the automotive and Internet of Things sectors. Bosch’s strong presence across the Americas, Asia and Europe also offers HERE attractive opportunities to further grow our business globally.” The acquisition is still subject to approval by the antitrust authorities. It is expected to be concluded by the end of the first quarter of 2018.

Bosch is more than cars. Industry 4.0, smart homes, and smart cities are rapidly growing areas of business for us, in which establishing and expanding data-based services will result in synergies with HERE.

Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH

Industry 4.0: automating and streamlining flows of goods

Data-based services are already contributing more and more to growth at Bosch. The company’s IT expertise and infrastructure is correspondingly strong: worldwide, Bosch employs more than 20,000 software engineers across 120 locations and operates its own IoT cloud. In addition, Bosch offers its IoT Suite, a dedicated software platform for IoT solutions. The planned collaboration between Bosch and HERE could happen in the Industry 4.0 domain, for example. One potential area of application is intralogistics. For example, high-definition indoor navigation maps could be used to automate and streamline flows of goods all the way to the production line. Likewise, they could be used to direct maintenance personnel unfamiliar with a facility directly to the equipment in need of repair.

Automated driving: creating and updating high-definition maps

Open platforms for all customers will be the focal point of the collaboration between Bosch and HERE, both in non-automotive as well as automotive domains, and particularly where increasingly connected and automated mobility is concerned. High-definition maps are a requirement for self-driving cars. These must be kept up-to-date with data from the vehicle’s sensors and supplemented with real-time information on traffic conditions, congestion, construction sites, and accidents. The road signature provided by Bosch gives an idea of how this might be done. It uses information from the Bosch radar and video sensors in the vehicle to enrich and update high-definition maps. Consequently, Bosch and HERE are exploring opportunities to utilize road signature in the maintenance of HERE HD Live Map, HERE’s map for automated vehicles. At the same time, Bosch will be continuing its work on the road signature with partners such as TomTom, AutoNavi, Baidu, NavInfo, and Increment P.

About Bosch

The Bosch Group is a leading global supplier of technology and services. It employs roughly 429,000 associates worldwide (as of December 31, 2023). The company generated sales of 91.6 billion euros in 2023. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. With its business activities, the company aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and an orientation to sustainability. In this context, Bosch’s broad diversification across regions and industries strengthens its innovativeness and robustness. Bosch uses its proven expertise in sensor technology, software, and services to offer customers cross-domain solutions from a single source. It also applies its expertise in connectivity and artificial intelligence in order to develop and manufacture user-friendly, sustainable products. With technology that is “Invented for life,” Bosch wants to help improve quality of life and conserve natural resources. The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch’s innovative strength is key to the company’s further development. At 136 locations across the globe, Bosch employs some 90,000 associates in research and development, of which nearly 48,000 are software engineers.

The company was set up in Stuttgart in 1886 by Robert Bosch (1861–1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-four percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The remaining shares are held by Robert Bosch GmbH and by a corporation owned by the Bosch family. The majority of voting rights are held by Robert Bosch Industrietreuhand KG. It is entrusted with the task of safeguarding the company’s long-term existence and in particular its financial independence – in line with the mission handed down in the will of the company’s founder, Robert Bosch.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com.

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