Renault acquires Volvo Group and CMA-CGM stakes in Flexis joint venture
Renault has bought Volvo's 45% ownership and CMA-CGM's 10% in Flexis S.A.S., while Volvo Group remains involved through Renault Trucks.
- 45%
- 10%
- 2027
What Happened
Renault Group has acquired Volvo Group's 45% stake and CMA-CGM's 10% stake in Flexis S.A.S., completing a strategic change in the joint venture's ownership. Volvo Group, through its subsidiary Renault Trucks, will continue to participate in the project and will distribute Flexis-developed products starting from 2027.
- Renault acquired Volvo Group's 45% stake in Flexis
- Renault also acquired CMA-CGM's 10% stake
- Volvo Group remains involved through Renault Trucks
- Flexis products will be distributed by Volvo Group from 2027
- Transaction has no material impact on Volvo Group earnings
Why this matters
This agreement restructures ownership of Flexis, clarifying the joint venture's future and ensuring distribution of Flexis products through Volvo Group starting in 2027.
Terms in This Story
- EV
- Electric vehicle, a vehicle powered fully or partly by electricity.
- ICE
- Internal combustion engine, the conventional petrol or diesel engine type.
Summarised from the linked release; details can be imperfect — always verify against the original source.