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Volvo Group invests in Designwerk Technologies AG to complement electromobility capabilities
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GOTHENBURG, Sweden, April 26, 2021 /PRNewswire/
Volvo Group has signed definitive agreements to acquire 60 percent of Designwerk Technologies AG, an engineering company in Switzerland, that develops and sells electromobility products and engineering services within electromobility eco-systems. By investing in Designwerk Technologies, the Volvo Group will complement its current capabilities when it comes to niche products and solutions. 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, says Lars Stenqvist, Volvo Group
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