(IN BRIEF) Volvo Construction Equipment has completed its acquisition of Swecon after receiving approval from the European Commission, taking over Swecon’s operations in Sweden, Germany, and the Baltic countries, including Entrack, in a deal valued at SEK 7 billion. The … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, Retail, Sweden, Technology, Transportation & Logistics
Tagged acquisition, Aftermarket services, Baltics, construction equipment, enterprise value SEK 7 billion, Entrack, European Commission, European market expansion, Germany, inventory impact, retail operations, revenues SEK 10 billion, SEK 300 million, Swecon, Sweden, Volvo CE, Volvo Construction Equipment, Volvo Construction Equipment Expands Its European Footprint Through Completion of Swecon Acquisition Following EU Approval
(IN BRIEF) Volvo CE has agreed to purchase Swecon’s dealerships and service operations in Sweden, Germany and the Baltic states—including the Entrack aftermarket division—for SEK 7 billion, subject to regulatory clearance, with completion slated for H2 2025. The deal transfers … Read the full press release
Posted in Automotive, Business, Estonia, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management, Marketing, News, Retail, Sweden, Technology
Tagged Aftermarket services, customer satisfaction, direct retail strategy, Entrack, European construction equipment market, Lantmännen, Melker Jernberg, partnership, regulatory approval, Rental operations, retail operations, Swecon acquisition, Volvo CE, Volvo Construction Equipment, workshop facilities
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