Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
VW acquires majority stake in the Volvo subsidiary WirelessCar
December 20, 2018

Volkswagen has acquired a 75% stake in Volvo owned subsidiary WirelessCar. The purchase price amounts to just under app. SEK 1.1bn. WirelessCar employs approximately 370 IT experts worldwide and is acknowledged as a leading specialist in vehicle connectivity. Volkswagen Group is using WirelessCar's connectivity technology to drive the development of its digital ecosystem and cloud based platform, where also Microsoft also are involved.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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