Volvo has completed sale of IT operation

The Volvo Group has completed the final agreement with HCL Technologies for the sale of its external IT operation and related assets and the outsourcing of its IT infrastructure. As announced earlier the transaction was implemented on March 31, 2016 and will entail both sustained cost savings and a capital gain corresponding to SEK 900 M. The capital gain will have a positive impact, in a corresponding amount, on the Volvo Group’s operating income and net financial debt in the first quarter of 2016.