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12/19/18
Wolfsburg
Volkswagen Group News

Volkswagen to take over telematics specialist WirelessCar from Volvo

The Volkswagen Automotive Cloud will link the fully connected vehicle, the cloud-based platform and digital value-added services.
  • Volkswagen Group acquires 75.1 percent majority stake in “WirelessCar” from Volvo Information Technology AB
  • WirelessCar take-over will enable Volkswagen to further advances in fleet connectivity
  • Completion of the transaction is subject to approval from authorities

The Volkswagen Group is acquiring a majority stake in the Swedish telematics specialist “WirelessCar” from Volvo with a view to making further advances in fleet connectivity. The Volkswagen Group is acquiring a 75.1 percent stake in WirelessCar. Completion is expected in the first half of 2019 and is subject to approval from antitrust authorities.

With WirlessCar as a technology partner, Volkswagen is taking the next step in the development of its digital ecosystem.

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