Volvo CE made an investment in VizaLogix, a U.S. company specializing in digital, brand-neutral solutions for machine monitoring, servicing and tech support.
The investment gives Volvo CE a 22 percent ownership stake in VizaLogix.
As Volvo CE describes, the deal supports its strategy to grow services that customers are looking for as digitalization and data become more central to construction and mining fleets and equipment dealers.
“This partnership is a great fit because VizaLogix and Volvo CE have a common goal to improve customer experience through increased efficiency, uptime and productivity,” says Scott Young, head of region North America at Volvo CE. “VizaLogix provides brand-neutral SaaS (software-as-a-service) solutions that are easy to integrate and use, helping fleets, dealers and OEMs make smarter decisions.”
Based in Connecticut, VizaLogix will continue to operate independently and provide support for mixed-fleet operations.
“As we embark on this exciting new chapter with Volvo, we are thrilled to welcome them as a strategic minority investor in VizaLogix,” says Shawn Bonnington, CEO of VizaLogix. “This partnership marks a significant milestone for us, reaffirming our commitment to pioneering innovative solutions in the construction equipment industry, and we are confident that together, we will drive even greater value for our customers and stakeholders.”
