BOSTON — September 27, 2021 — PTC (NASDAQ: PTC) and Volvo Group,
Today announced plans to strengthen their collaboration in the field of digital engineering. Volvo Group has decided to position PTC products as its primary CAD and PLM solutions to be used across all vehicle design programs.
“Using a single PLM and CAD platform will be a key factor in our digital transformation journey. In this context, we see great opportunities in integrating PTC’s IoT and AR solutions into our ‘Digital Thread’ strategy.
At Volvo Group, we aim not only to transform the product innovation process but also to shape the future of the transportation industry with safer, cleaner, and more efficient technology and system solutions. By collaborating with PTC on our enterprise CAD platform, we foresee that this partnership will provide us with a competitive advantage and deliver a world-class solution while shaping the future of sustainable transportation and infrastructure worldwide.”
“By working together with a shared vision, we have achieved significant improvements in the PTC product suite and helped Volvo Group bring outstanding products to market. We are proud to be a preferred partner within Volvo Group’s product development teams.
The digital engineering approach we will realize together will set an example for companies around the world.”
About Volvo Group
Volvo Group provides transportation and infrastructure solutions that enhance the productivity and efficiency of its customers, offering power solutions, financial services, and products for trucks, buses, construction equipment, marine, and industrial applications.
Founded in 1927, Volvo Group is committed to shaping the future of sustainable transport and infrastructure solutions. Headquartered in Gothenburg, Sweden, Volvo Group employs approximately 100,000 people and serves customers in more than 190 countries.
In 2020, the company’s net sales amounted to approximately SEK 338 billion (EUR 33.6 billion). Volvo shares are listed on NASDAQ Stockholm.
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