Roschier acts as the global lead IP and technology counsel when Nokia completes the next stage of its transformation and sells HERE digital mapping and location services business to an automotive industry consortium comprising AUDI AG, BMW Group and Daimler AG.  The transaction values HERE at an enterprise value of EUR 2.8 billion.

In its role Roschier contributed to resolving key strategic intellectual property issues together with Nokia's excellent IP Business team and leadership.

Further advice covered a number of fundamental technology-related legal matters, including brand-related aspects and Finnish corporate law advice.

Roschier has been advising Nokia as the global lead IP and technology counsel throughout its strategic transformation process, including the divestment of its Devices & Services business to Microsoft, the planned combination with Alcatel-Lucent expected to close in the first half of 2016, and now the sale of HERE.

"It is a remarkable journey for Nokia, and we are extremely proud to have been trusted to support the company and its fantastic people in building its business for the future," says Mikko Manner, the Nokia-responsible partner at Roschier. "Advising in strategic processes like the sale of HERE and the divestment of the Devices & Services business, where understanding business drivers, legal expertise and international abilities are really put to the test, are great opportunities for Roschier to deliver value as part of the team. We have been very fortunate to build these competencies alongside Nokia for a number of years."

"This transaction is another great addition to the sizeable assignments Roschier has been advising on in 2015. As noted earlier this summer, most of them are among the region’s most demanding multi-jurisdictional transactions, and this is no exception," Roschier's Managing partner Rainer Hilli concludes.