.
MergerLinks Header Logo

Announced

Completed

Volvo completed the acquisition of the remaining 13.5% stake in Zenseact from ECARX.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned87%
Capital Bid For14%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

Single Bidder

Private

Majority

Completed

Domestic

autonomous driving software

Acquisition

Auto Technology

Sweden

Synopsis

Edit

Volvo, a Swedish multinational manufacturing corporation, completed the acquisition of the remaining 13.5% stake in Zenseact, a provider of autonomous driving software, from ECARX, a global mobility tech company. Financial terms were not disclosed. The acquisition of the additional 13.5% of shares in Zenseact is a strategic step to owning more of the software powering key functionality going into future cars and supports Volvo Cars’ strategic direction to be a leader in new technology.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US