Volvo said the acquisition is a strategic step towards owning more of its software that will power key functionalities in future cars.

Volvo and Jaguar Land Rover are among the automakers that are investing in Apex.AI, which is developing software that abstracts complexity to APIs based on ROS for autonomous vehicles.

Volvo Autonomous Solutions is a new business unit that will focus on autonomous, connected, and electric vehicles.

From bricklaying robots to autonomous vehicles and remote-controlled drones gathering data, construction robotics is transforming an industry faced with labor shortages.