January 6, 2020
Las Vegas, CES 2020 -- HERE Technologies today announced that it has
entered into a strategic partnership with Mitsubishi Corporation (MC) of
Japan.
Through the partnership, HERE plans to play a role in various strategic
initiatives in Japan and other markets in Asia Pacific. These include
deploying HERE technology in several projects to address customer needs
in transportation and logistics and other industries, such as (1) making
truck logistics and last-mile delivery more efficient; (2) optimizing
delivery routes and capacity management for middle mile logistics; (3)
supporting smart city initiatives with an emphasis on reduction of
traffic congestion; and (4) enabling better mobile navigation systems
and location-based advertisements in airports and entertainment
facilities.
As part of their collaboration, MC is also planning to leverage the HERE
location platform to support its own digitalization initiatives. MC is a
conglomerate with businesses in many industries, including industrial
infrastructure, materials, urban development, automotive, mineral
resources, and chemicals.
"We are excited to partner with Mitsubishi Corporation and bring our
location technology to new markets and industries," said Edzard Overbeek,
CEO, HERE Technologies. "Our joint partnership is proof of how different
data sets enabled with location intelligence can drive growth, cost
efficiency and innovation for customers across multiple industries."
HERE has been growing its presence in Asia Pacific. Its commitment to
the region includes the recent extension of the HERE Workspace along
with a suite of HERE Location Services into Japan.
The appeal and necessity of location data and technology across
geographies and industries is also reflected in the company's
diversifying shareholder structure. On December 20, 2019, HERE announced
that MC and Nippon Telegraph and Telephone Corporation (NTT) plan to
jointly acquire a 30% ownership stake in HERE. The transaction is
expected to close in the first half of 2020, subject to regulatory
approval.
Media Contact
James Overstall
+49 171 533 4418
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james.overstall@here.com
About HERE Technologies
HERE, a location data and technology platform, moves people, businesses
and cities forward by harnessing the power of location. By leveraging
our open platform, we empower our customers to achieve better outcomes
-- from helping a city manage its infrastructure or a business optimize
its assets to guiding drivers to their destination safely. To learn more
about HERE, please visit
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www.here.com and
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http://360.here.com.
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(END) Dow Jones Newswires
January 06, 2020 13:00 ET (18:00 GMT)
