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By Cristina Roca
Volkswagen AG (VOW.XE) said Friday that it has agreed to buy the shares in Diconium that it didn't already own in order to gain expertise in software development and strengthen its digital sales solutions.
The German car maker already owns a 49% stake in the company, and will now buy the remaining 51% of shares, it said. Diconium will help shape the group's online sales platform, where customers of all Volkswagen brands will be able to buy and manage functions for their vehicles such as media streaming, automatic payment for refueling, battery charging and others.
Volkswagen didn't disclose financial details.
Write to Cristina Roca at email@example.com; @_cristinaroca
(END) Dow Jones Newswires
January 10, 2020 04:54 ET (09:54 GMT)
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