Volvo Group invests in DriveCam

  Volvo Group invests in DriveCam

Business Wire

GÖTEBORG, Sweden -- February 13, 2013

Volvo Group Venture Capital, a subsidiary to the Volvo Group, today announced
that Volvo has made a strategic investment in DriveCam. The two companies have
joined forces with the objective of delivering innovative safety-centric
solutions to the global commercial vehicle industry.

DriveCam, Inc. is a global driver risk management company located in San
Diego, California. Through the investment Volvo Group becomes a minority
shareholder in the company.

"Volvo Group and DriveCam have a common vision - to reduce traffic accidents
worldwide," says Johan Carlsson, President of Volvo Group Venture Capital.
"Complementary to our leading position in the global truck manufacturing
market, Volvo Group is also focused on the human element in reducing
accidents, an area where DriveCam is a clear leader. This strategic investment
enables the commercial vehicle industry to benefit from our collaborative
development efforts, while it also supports the Volvo Group’s vision to become
the world leader in sustainable transport solutions.”

“Volvo Group and DriveCam both believe that there is only one acceptable
number of accidents in driving – zero,” said DriveCam Chairman and CEO Brandon
Nixon. “And since the human element plays a role in nine out of ten accidents,
the driver risk management solutions that DriveCam has pioneered are essential
to both companies reaching our common goal of zero accidents on the road.”

For several decades, Volvo Group has studied and analyzed a large number of
accidents involving trucks. This information has been, and still is one of the
most important bases for the design and development of Volvo Group’s trucks.
These investigations have resulted in numerous safety related improvements
already in place in today’s trucks.

DriveCam prevents collisions and reduces fuel costs by improving the way
people drive. DriveCam’s solution addresses the causes of poor driving by
combining data and video analytics with real-time driver feedback and

Volvo Group Venture Capital is part of the Volvo Group. With the objective of
accelerating new business growth, Volvo Group Venture Capital invests in
companies driving service orientation and product differentiation in the
transport industry.

The transaction has no significant impact on the Volvo Group’s earnings or
financial position.

February 13, 2013

Reporters who want more information, please contact Johan Carlsson, President
Volvo Group Venture Capital +46 31 3229013

For more stories from the Volvo Group, please visit

The Volvo Group is one of the world’s leading manufacturers of trucks, buses,
construction equipment and marine and industrial engines. The Group also
provides complete solutions for financing and service. The Volvo Group, which
employs about 115,000 people, has production facilities in 19 countries and
sells its products in more than 190 markets. In 2012 the Volvo Group’s sales
amounted to about SEK 304 billion. The Volvo Group is a publicly-held company
headquartered in Göteborg, Sweden. Volvo shares are listed on OMX Nordic
Exchange Stockholm. For more information, please visit or if you are using your mobile phone.

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Volvo Group
Johan Carlsson
President Volvo Group Venture Capital
+46 31 3229013