※This is a machine-translated text of the original article.
Mitsubishi Corporation and NTT announced their agreement to jointly invest in HERE Technologies, a global service provider, in the location services field.
Mitsubishi Corporation and NTT have newly established a holding company in Netherlands (50%:50% of funding) and plan to acquire 30% of the shares of HERE Technologies through the company.
While HERE Technologies offers location information systems and high-precision maps for car navigation and automotive driving, in recent years, with the aim of strengthening business for non-automotive industries, it has strengthened its ability to provide solutions at service origins such as logistics and traffic information/route guidance, based on the high-precision maps and location data it possesses.
HERE’s solutions are one of the core technologies of the Industrial DX Platforms, aiming to further expand its business in Japan and growing APAC markets.
Mitsubishi Corporation and NTT will further accelerate the expansion and innovation of HERE offerings and provide high-value-added services to users in a wide range of industries by utilizing the business, customer, and technical infrastructures of both companies in a variety of industries.
Original Text: https://ampmedia.jp/2019/12/20/mitsubishi_ntt/