Volvo CE buys stake in fleet software developer

Volvo Construction Equipment (Volvo CE) has taken a 22% ownership stake in VizaLogix, a US-based software-as-a-service (SaaS) company specialising in digital, brand-neutral solutions for machine monitoring, servicing and tech support in multiple industries.

The OEM says that the deal fits with its strategy of growing services that customers are looking for, as digitisation and data take on increasing importance among construction and mining fleets and equipment dealers.

“This partnership is a great fit because VizaLogix and Volvo CE have a common goal to…

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Murray Pollok Editor, International Rental News Tel: +44 (0)1505 850043 E-mail: [email protected]
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