Dec 10 (Reuters) – Volkswagen’s Audi Group said on Wednesday it had entered a strategic partnership ‍with U.S.-based technology company UST, which will acquire a majority stake in Italy-based design and engineering unit Italdesign.

The deal, subject to regulatory approval, ‌will keep Audi as ‌a long-term strategic partner and key client of Italdesign. Financial terms were not disclosed.

UST said the acquisition will help Italdesign expand globally through UST’s network in over 30 countries.

Italdesign ‍CEO Antonio Casu added the partnership will help the firm deepen its presence in ‍international markets and broaden its service portfolio.

Italdesign, founded in 1968 by Giorgetto Giugiaro, one of the world’s most influential car designers, ‍became part of Volkswagen in 2010 and was full

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