Volkswagen to take over telematics specialist WirelessCar from Volvo
22 Dec 2018|895 views
The Volkswagen Group is acquiring a 75.1% stake in WirelessCar. Completion is expected in the first half of 2019 and is subject to approval from antitrust authorities. WirelessCar registered in Gothenburg was founded in 1999 and has been a wholly-owned subsidiary by Volvo since 2007.
The Swedish company has a workforce of some 370 IT experts worldwide and is acknowledged as a leading specialist in vehicle connectivity. WirelessCar has its own technology platform and also develops digital services, including concierge and billing services as well as safety and emergency services. Worldwide, some 3.5 million vehicles from various car manufacturers are connected via this platform.
The Volkswagen Group is using WirelessCar's connectivity technology to drive the development of the digital ecosystem, where the Volkswagen brand is spearheading development for the Group in cooperation with technology partners. The goal is to provide full connectivity in future vehicle generations and develop value-added services for customers that they can access via the Volkswagen Automotive Cloud. WirelessCar joins Microsoft and diconium as the third major technology partner involved.
The Volkswagen Group is acquiring a 75.1% stake in WirelessCar. Completion is expected in the first half of 2019 and is subject to approval from antitrust authorities. WirelessCar registered in Gothenburg was founded in 1999 and has been a wholly-owned subsidiary by Volvo since 2007.
The Swedish company has a workforce of some 370 IT experts worldwide and is acknowledged as a leading specialist in vehicle connectivity. WirelessCar has its own technology platform and also develops digital services, including concierge and billing services as well as safety and emergency services. Worldwide, some 3.5 million vehicles from various car manufacturers are connected via this platform.
The Volkswagen Group is using WirelessCar's connectivity technology to drive the development of the digital ecosystem, where the Volkswagen brand is spearheading development for the Group in cooperation with technology partners. The goal is to provide full connectivity in future vehicle generations and develop value-added services for customers that they can access via the Volkswagen Automotive Cloud. WirelessCar joins Microsoft and diconium as the third major technology partner involved.
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