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2016-04-01

Volvo: 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.

April 1, 2016

Journalists who would like additional information, please contact Kina
Wileke at +46 (0)31 323 7229 or +46 (0)765 537229.

For more stories from the Volvo Group, please visit
http://www.volvogroup.com/globalnews.

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 100,000 people, has production
facilities in 18 countries and sells its products in more than 190
markets. In 2015 the Volvo Group's sales amounted to about SEK 313
billion (EUR 33.4 billion). The Volvo Group is a publicly-held
company headquartered in Göteborg, Sweden. Volvo shares are listed on
Nasdaq Stockholm. For more information, please visit
www.volvogroup.com or www.volvogroup.mobi if you are using your
mobile phone.

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http://news.cision.com/volvo/r/volvo-has-completed-sale-of-it-operation,...
http://mb.cision.com/Main/39/9946424/494971.pdf

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