Volvo Cars acquires Swedish performance enhancement partner Polestar
Volvo Cars has acquired 100% of the share capital of Polestar Holding AB and Polestar Performance AB. Polestar has since 1996 been the motorsport partner of Volvo Cars and in 2009 the companies commenced a cooperation relating to development of performance products compatible with parts manufactured by Volvo Cars.
Volvo Cars is the leading automotive industry corporation in Northern Europe with over 15,000 employees and an annual turnover of SEK 112.7 billion.
Volvo Cars was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Clas Nyberg (M&A) and Niklas Sjöblom (intellectual property).