Volvo AB's Volvo Group Venture Capital Acquires Stake in DriveCam, Inc.

Wednesday, 13 Feb 2013 06:00am EST 

DriveCam, Inc. announced that Volvo Group Venture Capital, a subsidiary of Volvo AB, has made a strategic investment in DriveCam, a global driver risk management company. Through the investment, Volvo Group becomes a minority shareholder in the company. DriveCam prevents collisions and reduces fuel costs by improving the way people drive. Financial terms of the transaction were not disclosed. 

Company Quote

-1.45 -1.74%
21 Nov 2014