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Article: Volvo Technology Transfer AB Investment Sparks Global Expansion Program at Coherix.
- Article from:
- Business Wire
- Article date:
- October 15, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ANN ARBOR, Mich. -- Volvo Technology Transfer AB of Goteborg, Sweden, has finalized an investment in Coherix, Inc. (an Ann Arbor-based company) to accelerate the launch of Coherix's European operations. Coherix develops high-tech systems to improve engine-manufacturing quality.
The investment is part of a comprehensive, global expansion program launched by Coherix earlier this year, according to Dwight Carlson, the company's chairman and CEO. Financial terms of the investment were not disclosed.
"We believe that Coherix will be a very good investment for us," said Anders Brannstrom, CEO of Volvo Technology Transfer AB. "The requirement for increased ...