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