Menu

Volkswagen Group agrees to fully acquire digital company diconium

News
Acquisition, divestment & Spinoff

German automotive group first acquired 49% stake in diconium in November 2018

Volkswagen Group (VW) has reached an agreement with the founding shareholders of Germany-based digital company diconium for taking its full ownership by acquiring all of the shares in the company, the automaker said in a press release on 10 January. VW had acquired 49% stake in diconium in November 2018. As wholly owned subsidiary, diconium is expected to strengthen the VW Group’s Car.Software organization, a unit established by the German automotive group in July last year to accelerate in-house development of automotive software.

Thank you for visiting IHS Automotive AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload