Nokia to Merge Navteq Subsidiary into a new Location Services Division
Published on: 22nd Jun 2011
Note -- this news article is more than a year old.
Nokia has announced that it is to fold its digital mapping and navigation subsidiary, Navteq into its social location services operations and form a new Location & Commerce business, headed by Michael Halbherr.
Nokia brought Navteq for USD8.1 billion in October 2007, but it has, until now, operated at arms length from the parent company.
In a statement, Nokia said that while continuing to serve Navteq's existing customers, the Location & Commerce business will provide new opportunities through the integration of Nokia community data.
"Focusing on location and commerce is a natural next step in Nokia's Services journey. We will provide next generation social-location applications and commerce to differentiate Nokia. We also aim to extend our content and services offerings to all consumers by making them available to partners and customers on a wide variety of devices and operating systems," said Nokia CEO Stephen Elop. "Michael is a widely recognized authority in the fields of mobility and social location services, and I am delighted to appoint him to lead an area of our business that will be crucial in Nokia's transformation strategy."
Halbherr has been with Nokia since 2006, most recently leading the product unit in Nokia's Services business, based in Berlin.
Tero Ojanpera, who served as the acting head of the Services business, will continue as executive sponsor of Nokia's Bridge program designed to promote innovation and entrepreneurship with employees affected by Nokia's workforce alignment initiatives.
Larry Kaplan, who has served as CEO for Navteq, will continue to support the transition work for the new Location & Commerce business through year-end. His future after that was not clarified.