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Volvo Group, Renault Group and CMA-CGM in agreement on strategic change for Flexis
- On Feb. 23, 2026, Renault Group agreed to buy Volvo Group's 45% and CMA CGM's 10% stakes in Flexis S.A.S., subject to regulatory approval.
- Created in 2024, Flexis was built with Volvo Group and CMA CGM and Renault said this change aligns Flexis with Renault Group and Renault Trucks' light commercial vehicle model by mid-2026.
- From 2027, Volvo Group, through Renault Trucks, will remain a partner and distribute Flexis-developed products while production begins at Sandouville by the end of 2026; Renault and Volvo each committed to invest 240m.
- A Renault spokesperson said it will pay a combined price of `several hundred million euros`, the sellers declined to comment on financial details, and Volvo Group said the deal carries no material earnings impact.
- New van registrations in the European Union fell 8.8% in 2025, with around 11% electrically chargeable, yet partners say they remain confident in Flexis's Software Defined Vehicle mobility solutions.
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Volvo Group, Renault Group and CMA-CGM in agreement on strategic change for Flexis
GOTHENBURG, Sweden, Feb. 23, 2026 /PRNewswire/ -- Volvo Group, Renault Group and CMA-CGM have made an agreement to make a strategic change to the business model of Flexis. This strategic move reaffirms the parties' commitment to innovation and collaboration and…
·Pennsylvania, United States
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Renault acquires the shares of Volvo and CMA CGM in Flexis, a development company for e-transporters. The Renault Trafic E-Tech comes out in 2026.
·Germany
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The Renault group announced on Monday that it was taking control of the electric van company Flexis, of which it previously held 45%, by acquiring the shares of Volvo and CMA CGM.
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