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  • 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.

Volkswagen to take over telematics specialist WirelessCar from Volvo
With WirlessCar as a technology partner, Volkswagen is taking the next step in the development of its digital ecosystem.

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Dr. Marc Langendorf
Head of Corporate Communications
Tel. +49 (0) 5361 / 9-34474
Jonas Kulawik
Spokesperson Finance / IT
Tel. +49 (0) 5361-9-71121