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  6. Volvo Car Acquires Luxe Valet

M&A Deal Summary

Volvo Car Acquires Luxe Valet

On September 8, 2017, Volvo Car acquired internet software and services company Luxe Valet

Acquisition Highlights
  • This is Volvo Car’s 1st transaction in the Internet Software and Services sector.
  • This is Volvo Car’s 1st transaction in the United States.
  • This is Volvo Car’s 1st transaction in California.

M&A Deal Summary
Date 2017-09-08
Target Luxe Valet
Sector Internet Software and Services
Buyer(s) Volvo Car
Deal Type Add-on Acquisition

Target

Luxe Valet

San Francisco, California, United States
Luxe is a US-based premium valet and concierge service. The service allowed drivers to drop off their car at any point in the city, where a professional valet took care of finding a secure parking spot, as well as fuelling and cleaning the car if the customer desired.

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Buyer(S) 1

Buyer

Volvo Car

Gothenburg, Sweden
Category Company
Founded 1927
Sector Automotive
Employees21,500
Revenue 125.5B SEK (2012)
DESCRIPTION

Volvo Car Corp. is a Swedish automobile manufacturer. Volvo develops, manufactures, markets, sells, and services in cars.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
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