|
|
|
TOKYO, June 2, 2020 - (JCN Newswire) - Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) announced today that they have completed the acquisition of a 30% stake in HERE Technologies (HERE) as of May 29, 2020, through a holding company which MC and NTT newly established in the Netherlands in December 2019.
 | Investment Scheme |
HERE is the world's leading company in the location-based services field. Building on its strong position in the automotive industry, the company has in recent years expanded its location platform to serve several other sectors, such as transportation and logistics, media and telecoms. HERE data and technology are also at the heart of a growing array of use cases that employ artificial intelligence to enable better real-world outcomes for enterprises and their customers. In December 2019, MC and NTT agreed to form a business alliance with the aim of transforming industrial value chains and creating new value through digital transformation (DX), and are continuing to study the specifics. As one of the core technologies of DX, which both companies are promoting, MC and NTT will utilize the technological foundation of HERE to promote the development of location services in logistics, urban transportation, retail, finance, and other areas. MC and NTT are jointly working to develop services that provide optimal routes in logistics by utilizing HERE's world's largest and most accurate location information database to visualize vehicle locations and operation conditions. Both companies are studying alliances with logistics partners involved in home delivery (last-mile delivery) and trunk line transportation (mid-mile delivery), where demand is expected to increase in the future, and aim to start several PoCs by the end of the year. In addition, in smart city projects in regional cities, new mobility services (such as on-demand buses) are attracting attention, and MC and NTT will partner with local transportation operators to integrate HERE's location information to develop the most appropriate means of transportation for operators and users. Going forward, MC and NTT will continue to accelerate their collaboration with HERE, leveraging their strengths in industrial knowledge and ICT technology, and will strive to enhance HERE's corporate value and expand the services it provides. "We welcome Mitsubishi Corporation and NTT as new strategic investors, supporting our long-term growth ambitions. Both companies recognize the enormous potential for location data and technology to fuel innovation, boost efficiency and sustainability, and ultimately make the world a better place," said Edzard Overbeek, CEO, HERE Technologies. For the corporate video, visit: https://www.youtube.com/watch?v=Zh6k3keIGhU
Contact:
Mitsubishi Corporation
Telephone:+81-3-3210-2171
Facsimile:+81-3-5252-7705
Topic: Press release summary
Source: Mitsubishi Corporation
Sectors: Local Biz
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
Mitsubishi Corporation |
Apr 4, 2025 08:04 HKT/SGT |
Mitsubishi Corporation Announces Corporate Strategy 2027 |
Apr 1, 2025 13:16 HKT/SGT |
Mitsubishi Corporation: Development of R&D Hub "iPark Kobe" in Kobe Medical Industry City |
Mar 28, 2025 15:29 HKT/SGT |
Mitsubishi Corporation, ADM Sign Non-Binding MOU, Form Strategic Alliance |
Mar 26, 2025 13:31 HKT/SGT |
Start of Joint Study on Integrated Power and Data Center Business in Ohgishima area in Keihin District |
Mar 13, 2025 12:26 HKT/SGT |
Hokkaido Electric Power Corporation and Mitsubishi Corporation Establish a Joint Venture "Hokkaido Renewable Energy Aggregation Co., Ltd." |
Feb 24, 2025 11:30 HKT/SGT |
Mitsubishi and ENEOS to conduct Front End Engineering Design for Sustainable Aviation Fuel (SAF) Production at the Wakayama Refinery |
Feb 21, 2025 14:01 HKT/SGT |
Mitsubishi Logistics Corporation, Mitsubishi Corporation, and Yourstand Inc. Advancing Completely CO2-Free Electrification of Pharmaceutical Transportation |
Feb 17, 2025 13:10 HKT/SGT |
Launch of Joint Demonstration Experiment of Remote Provision of GPU Computing Power |
Jan 17, 2025 13:35 HKT/SGT |
Mitsubishi Corporation and JOGMEC Announce Investment in eFuels provider Infinium |
Nov 15, 2024 11:32 HKT/SGT |
Resorttrust Group and Mitsubishi Corporation Launch Joint Study in Medical Tourism |
More news >> |
 |
|
 |
|