Volvo Group
Vgna And Vfs Groundbreaking 6218e116451c8

Volvo expands U.S. Uptime Center

Feb. 25, 2022
$41 million investment in North Carolina includes the co-location of Volvo Financial Services’ global headquarters

The Volvo Group recently made a $41 million investment in North Carolina’s Piedmont Triad to purchase and expand the building housing its U.S. Uptime Center, which now also will serve as the new global headquarters for Volvo Financial Services (VFS).

The expansion of the building, which is about two miles from VFS’s currently leased location, will bring about 360 VFS colleagues onto Volvo Group North America’s campus, the company said.

The news was shared during a groundbreaking ceremony by Martin Weissburg, Volvo Group North America (VGNA) chairman and Mack Trucks president, and Marcio Pedroso, Volvo Financial Services (VFS) president at VGNA’s Uptime Center.

“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,” Weissburg said. “Our purchase and expansion of this facility reinforces our commitment to the great communities and residents of the Piedmont Triad, and we look forward to welcoming Volvo Financial Services to our campus.”

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 VFS’s 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 said.

VFS is the captive finance arm of the Volvo Group, providing financial services and solutions for customers of Mack Trucks, Volvo Trucks, Volvo Construction Equipment, Nova buses, Prevost coaches and Volvo buses here in North America, as well as other Volvo Group brands around the world. VFS operates in 50 countries around the globe with approximately 1,700 colleagues worldwide.

“Moving Volvo Financial Services allows all Volvo Group entities in the Piedmont to be located on one campus,” Pedroso said. “Co-location will enable deeper relationships with our colleagues, and the work environment we’ll create in our new headquarters will help us retain highly skilled, world-class jobs that support the local economy.”

The Uptime Center site, which straddles the cities of Greensboro and High Point, houses key resources to ensure that customers’ commercial trucks keep moving, with people and systems dedicated to monitoring and responding to vehicle issues in real time, helping dealers troubleshoot difficult cases, and finding the necessary parts for repair.

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. 

The Volvo Group today employs around 600 people at the Uptime Center. At project completion, which is expected in the first quarter 2023, VFS will relocate approximately 360 jobs to their new headquarters.   

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