Volvo CE has taken a 22% stake in VizaLogix, a software-as-a-service (SaaS) company specialising in digital, brand-neutral solutions for machine monitoring, servicing and tech support in multiple industries.

The construction equipment maker says the deal supports its strategy to offer more services as digitisation 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,” says Scott Young, Volvo CE’s head of North America. 

“VizaLogix provides brand-neutral SaaS solutions that are easy to integrate and use, helping fleets, dealers and OEMs make smarter decisions.”

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

“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,” says VizaLogix chief executive officer Shawn Bonnington.

VizaLogix products include tech support with real-time collaboration over multiple channels, a technician deployment mobile app and multi-brand fleet machine health monitoring.

“Volvo CE recognises that services are growing to be just as important to fleets as their machines, and our investment in VizaLogix extends our commitment,” says Young. 

“It’s by combining the right machine with the right services that users get the best solution for their unique needs.”