Volvo CE take minority stake in VizaLogix

Company broadens its services commitment with minority stake in US-based fleet software developer

VOLVO CE have taken a 22% ownership stake in VizaLogix, a US-based software-as-a-service (SaaS) company specializing in digital, brand-neutral solutions for machine monitoring, servicing, and technical support in multiple industries.

The deal supports the Volvo CE strategy to grow services that customers are looking for as digitization and data take on increasing importance among construction and mining fleets and equipment dealers.

‘This partnership is a great fit because VizaLogix and Volvo CE have a common goal to improve customer experience through increased efficiency, uptime, and productivity,’ said Scott Young, head of Volvo CE’s North America region. ‘VizaLogix provides brand-neutral SaaS solutions that are easy to integrate and use, helping fleets, dealers, and OEMs make smarter decisions.’

VizaLogix, based in Connecticut, will continue to operate independently and support multiple brands with their products to provide best-in-class support for mixed fleets operations.

‘As we embark on this exciting new chapter with Volvo, we are thrilled to welcome them as a strategic minority investor in VizaLogix,’ said Shawn Bonnington, chief executive officer of VizaLogix.

‘This partnership marks a significant milestone for us, reaffirming our commitment to pioneering innovative solutions in the construction equipment industry and we are confident that together, we will drive even greater value for our customers and stakeholders.’

VizaLogix offer products that are different from and, in some cases, complementary to Volvo services. Supporting mixed fleets and mixed data connections uniquely defines the VizaLogix product approach and market differentiation. These include:

• TethrITNow – Equipment and technician support that includes real-time collaboration over multiple channels, including video calls that allow for augmented reality overlays that let users visually point, highlight, and mark exact areas of focus

• TechnicianNow – Streamlined technician deployment that lets customers request service via mobile application, eliminating wait times and providing them with real-time availability of parts and services

• 3602 – 24/7 machine health monitoring that integrates multi-brand fleet data into one platform

• Vantage Point – Stores quarry site productivity and utilization data in one data-agnostic platform, allowing for easy access to real-time and historical data.

For years, Volvo CE have been developing innovative services that improve customer uptime, productivity, and safety. These include ActiveCare Direct advanced telematics, Assist machine control systems, and productivity services such as Connected Map, Task Manager, and Connected Load Out.

‘Volvo CE recognize that services are growing to be just as important to fleets as their machines, and our investment in VizaLogix extends our commitment,’ said Scott Young. ‘It’s by combining the right machine with the right services that users get the best solution for their unique needs.’