PTC and the Volvo Group announced plans to further increase collaboration around digital engineering. Volvo Group has decided to unify its CAD platforms, which positions PTC's products to serve as the primary CAD and PLM solutions used in the Volvo Group for complete vehicle design. This world-class solution, which will leverage the full capabilities of PTC's Windchill® product lifecycle management (PLM) software and Creo® computer-aided design (CAD) software, is designed to promote collaboration across Volvo Group's PLM and CAD functions and significantly increase the reuse of digital product data across the Volvo Group.

Volvo Group, which offers trucks, buses, construction equipment, and power solutions for marine and industrial applications, embarked on a strategy to transform its IT architecture by consolidating PLM and CAD platforms to enable better leverage of product data across the value chain. In addition to transforming its product innovation process, Volvo Group seeks to shape the transportation industry's future with technology and systems solutions that are safer, cleaner, and more efficient.