Volvo has signed final agreement for sale of IT operation

The Volvo Group has entered a final agreement with HCL Technologies for the sale of its external IT operation and the operation of its IT infrastructure. The transaction is expected to be implemented on March 31, 2016, following the fulfillment of certain conditions 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 financial net debt in the first quarter of 2016.