HERE forms strategic partnership with Mitsubishi Corporation to boost Asia Pacific growth

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 
 
   [phone] 
 
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[e-mail] 
 
   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)