The Volvo Group will invest $41 million in North Carolina’s Piedmont Triad to purchase and expand the building housing its U.S. Uptime Center, which will now also serve as the new global headquarters for Volvo Financial Services (VFS).
“The Uptime Center is a strategic site for Volvo Group North America, playing a critical role in keeping our customers and their vehicles on the road, delivering goods, transporting people and servicing communities throughout the year,” said Martin Weissburg Volvo Group North America (VGNA) chairman and Mack Trucks president, in a prepared statement.
Volvo Group’s investment includes the acquisition of the Uptime Center building, which opened in 2014 and was previously leased by the company, as well as a 62,000 square-foot expansion of the Uptime Center to house Volvo Financial Services’ global headquarters. At project completion, the facility’s new three-story footprint will be about 185,000 square feet, connected by a glass atrium and two upper-level walkways.
Volvo Financial Services (VFS) is the captive finance arm of the Volvo Group, providing financial services and solutions for customers of Mack Trucks, Volvo Trucks, and Volvo Construction Equipment.
The Uptime Center site, which straddles the cities of Greensboro and High Point, houses key resources to support Volvo and Mack commercial trucks. This site also includes the company’s connectivity services for over-the-air monitoring and software updates for optimized vehicle performance, as well as service market logistics, IT, training facilities and finance and accounting.
Source: Volvo Group
