Arctic Falls signs 20-year Volvo deal for winter testing facility
Arctic Falls AB (publ) said it signed a 20-year agreement with Volvo Cars for a dedicated winter testing facility in northern Sweden, targeting ~SEK 17M/year once operational by end-2028, with an option for 10 additional years. The investment is estimated at SEK 110–130M.
Arctic Falls AB (publ) said it has signed a 20-year agreement with Volvo Cars for a dedicated winter testing facility in northern Sweden. The company expects the site to generate about SEK 17M a year once it is operational by the end-2028. The deal also includes an option for 10 additional years. Investment in the facility is estimated at SEK 110—130M.