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Announced

Completed

Volkswagen completed the acquisition of Forum AutoVision from Wolfsburg.

Synopsis

Volkswagen completed the acquisition of Forum AutoVision, an innovation campus and business center focused on hosting startups and established companies, from Wolfsburg, a company specializing in economic development and innovation. Financial terms were not disclosed. "The sale of the property is an important step for us in managing the transformation of Wolfsburg and the associated costs. We are pleased that we have found a buyer in Volkswagen Immobilien who will continue to operate the property as a high-quality office building in the interest of Wolfsburg as a competitive business location," Thomas Krause, Wolfsburg Spokesperson.

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