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Mergers & Acquisitions

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Volvo Group takes 60% stake in Designwerk Technologies and Futuricum e-truck brand

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By Jim Gibbins - 1st April 2021

Sweden / Switzerland - Volvo Group has signed definitive agreements to acquire 60% of Designwerk Technologies AG, an engineering company in Winterthur, Switzerland which develops and sells electromobility products and engineering services. By investing in Designwerk Technologies, Volvo Group says it aims to complement its current capabilities with niche products and solutions.

Lars Stenqvist, Volvo Group Chief Technology Officer, commenting on the move, said:

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