Volvo (OTCPK:VOLVY) announces it will sell its external IT business to HCL Technologies. The company plans to outsource IT infrastructure operations to HCL after the closing.
The transaction is expected to provide both cost savings and a capital gain to Volvo.
The deal is scheduled to close in Q3.
|Oct. 20, 2015, 6:55 AM|1 Comment
Feb. 13, 2013, 9:25 AM
Volvo (VOLVY.PK) makes an investment in DriveCam for an undisclosed amount to become a minority shareholder. Drivecam serves the trucking industry by using real-time analytics to help reduce accidents and lower fuel costs.