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Volvo CE has announced it has taken a 22% ownership stake in VizaLogix, a US-based software-as-a-service (SaaS) company specializing in digital, brand-neutral solutions for machine monitoring, servicing and tech support in multiple industries. Volvo add that the deal supports their strategy to grow services that customers are looking for as digitization 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 improve customer experience through increased efficiency, uptime and productivity. VizaLogix provides brand-neutral SaaS solutions that are easy to integrate and use, helping fleets, dealers and OEMs make smarter decisions.” said Scott Young, Head of Region North America, Volvo CE.
“As we embark on this exciting new chapter with Volvo, we are thrilled to welcome them as a strategic minority investor in VizaLogix. This partnership marks a significant milestone for us, reaffirming our commitment to pioneering innovative solutions in the construction equipment industry and we are confident that together, we will drive even greater value for our customers and stakeholders,” said Shawn Bonnington, CEO, VizaLogix.
For more information: https://www.volvoce.com/global/en/news-and-events/news-and-stories/2024/volvo-ce-broadens-its-service-commitment-with-vizalogix-deal/
