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BMW, Audi, Mercedes get green light to buy Nokia’s maps

2014 Geneva Motor Show2014 Geneva Motor Show
The new Mercedes-Benz C-Class is presented during the press day of the 84th International Motor Show which will showcase novelties of the car industry on March 4, 2014 in Geneva, Switzerland. Photograph by Harold Cunningham — Getty Images

German carmakers BMW, Audi and Mercedes can finally get their hands on Nokia’s HERE mapping firm after the Federal Trade Commission cleared the $2.8 billion deal on Wednesday, Reuters reports.

The purchase was initially announced about a month ago.

The three car companies will each hold an equal stake in HERE. By purchasing the map technology, the carmakers are able to reduce future reliance on outside tech giants like Apple (AAPL) or Google (GOOG).

The high-definition mapping technology will also allow BMW, Audi and Mercedes beef up their offerings in luxury cars and eventually help support autonomous driving in new vehicles.