Announced
Synopsis
Volvo Group, a commercial vehicle manufacturer, agreed to acquire a 60% stake in Designwerk Technologies, a developer and producer of electric commercial vehicles, battery systems, and charging devices. Financial terms were not disclosed. "Designwerk Technologies have strong competencies within electromobility, focused on developing, prototyping and producing low volume niche products in the entire industrial electromobility spectrum, which makes it a great complement to the Volvo Group's capabilities. This investment will support the Volvo Group transition towards climate-neutral transport solutions across segments," Lars Stenqvist, Volvo Group Chief Technology Officer.
Show Details & Financials
Sort
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.