In 2011, Nokia announced NAVTEQ would be fully merged into Nokia, its CEO Larry Kaplan assisting through year end and leaving the company.[12] The newly formed entity, branded Nokia Location & Commerce, would be headed by Michael Halbherr, and be formed of Nokia and former NAVTEQ employees. Nokia also announced the closing of two NAVTEQ offices in Malvern, PA (former Traffic.com) and Bonn, Germany,[13] affecting more than 300 employees