Volvo Group has signed definitive agreements to acquire 60 percent of Designwerk Technologies AG that develops and sells electromobility products and engineering services within electromobility eco-systems.

By investing in Designwerk Technologies, the Volvo Group will complement its current capabilities when it comes to niche products and solutions.

Designwerk Technologies offer customized electric trucks under the brand Futuricum, mobile rapid chargers and high voltage battery systems.