Volvo Group says it is to use PTC's Windchill PLM (product lifecycle management) software to manage product development at the strategic level.
The announcement follows a new deal, signed following final validation of the software, which, says the company, "clearly demonstrated the value of the Windchill software and PTC´s capability to execute as an organization".
"Volvo has very sophisticated product development requirements," comments James Heppelmann, president and chief operating officer at PTC.
"They operate in a fast-paced, global environment; they work with multiple, heterogeneous sources of data; and they develop complex products, which are in many cases highly customised and have significant life cycles."