Luxe's advanced software, technology platform, key data scientists, app developers and software engineers will join Volvo in the Silicon Valley, the automaker said.

San Francisco-based Luxe provides valet parking through an app.

The deal is also expected to accelerate Volvo's ability to offer services such as pick-up and drop, the automaker said. (http://bit.ly/2eL4Yym)

Financial details of the transaction were not disclosed.

Car-ride provider Uber Technologies Inc [UBER.UL] was said to be in advanced talks with Luxe to buy some of its assets, according to media reports in June.

Uber did not immediately respond to a request for comment.

(Reporting by Arunima Banerjee in Bengaluru; Editing by Savio D'Souza and Shounak Dasgupta)