Volkswagen has acquired the majority stake in Swedish telematics company WirelessCar, which was previously wholly owned by Volvo Cars.
Founded in 1999, WirelessCar is today regarded as one of the leading specialists in vehicle connectivity. The company has proprietary technology platform and also develops digital services (such as concierge and billing services such, as toll collection, and emergency services, such as remote diagnostics) through a workforce of 370 IT experts worldwide. The platform is currently used by some 3.5 million vehicles worldwide.
“Volkswagen is our ideal partner for the next stage in our development. Volkswagen has the most ambitious future strategy for connectivity in the automotive industry,” says Martin Rosell, CEO of WirelessCar. “This aspiration is the perfect match for our vision to lead the automotive industry into the digital society. We are highly motivated and willing to play our part to make a difference.”
Pending approval from antitrust regulators expected in the first half of 2019, the acquisition will see Volkswagen acquire 75.1% of WirelessCar, as Volkswagen moves toward development of its digital ecosystem and provide full connectivity in future vehicles. Volkswagen currently counts Microsoft and Diconium as technology partners.
WirelessCar will work toward developing safe and stable data exchange between vehicle and cloud-based services, creating a future software architecture in the vehicle. Volkswagen currently using Microsoft for its cloud platform, and designing a customizable marketing platform with Diconium.
“Our aim is to develop the Volkswagen into a mobility provider with a fully-connected fleet,” says Christoph Hartung, Head of Digital & New Business/Mobility Services for the Volkswagen brand. “Our customers will be able to use digital value-added services in their cars or on their mobile devices at all times. We are now really stepping on the gas and focusing on integrating the technologies.”