Volkswagen to Take Over Diconium to Strengthen Digital Sales Solutions
January 10 2020 - 4:09AM
Dow Jones News
By Cristina Roca
Volkswagen AG (VOW.XE) said Friday that it has agreed to buy the
shares in Diconium that it didn't already own in order to gain
expertise in software development and strengthen its digital sales
solutions.
The German car maker already owns a 49% stake in the company,
and will now buy the remaining 51% of shares, it said. Diconium
will help shape the group's online sales platform, where customers
of all Volkswagen brands will be able to buy and manage functions
for their vehicles such as media streaming, automatic payment for
refueling, battery charging and others.
Volkswagen didn't disclose financial details.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
January 10, 2020 04:54 ET (09:54 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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