(IN BRIEF) Volvo CE will sell its 70 percent share in SDLG to an LGG-controlled fund for SEK 8 billion, with closing expected in H2 2025 pending approvals. The deal, recognizing a SEK 1 billion one-time operating income gain (subject … Read the full press release
Posted in Automotive, Business, Construction, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Sweden, Technology
Tagged Chinese supplier ecosystem, heavy infrastructure, LGG fund, Lingong Group, Melker Jernberg, Mining Sector, operating income impact, partnership, premium equipment, quarry aggregates, SDLG divestment, Volvo CE, Volvo Construction Equipment
(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
(IN BRIEF) Volvo CE has committed SEK 2.5 billion to expand crawler excavator manufacturing across Asia, Europe, and North America. The largest portion of this investment will enhance the Changwon plant in South Korea to secure global production volumes, with … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Investment, Management, Marketing, News, Sweden, Technology, Transportation & Logistics
Tagged Carbon Emission Reduction, Changwon factory, crawler excavators, global investment, localized production, market-specific solutions, Melker Jernberg, partnership, production capacity, Shippensburg USA, South Korea, supply chain resilience, sustainable growth, Sweden expansion, Volvo CE, Volvo Construction Equipment
GOTHENBURG, 23-Nov-2018 — /EuropaWire/ — Volvo Construction Equipment and its customer Skanska have recorded groundbreaking results from their Electric Site research project – including a 98% reduction in carbon emissions, a 70% reduction in energy cost and a 40% reduction in … Read the full press release
Melker Jernberg has been appointed President of Volvo Construction Equipment and member of the Volvo Group Executive Board. GOTHENBURG, 04-Jul-2017 — /EuropaWire/ — Melker Jernberg was born in 1968 and is currently President and CEO of the Sweden-based powder metallurgy company … Read the full press release
Posted in Construction, Management, Sweden
Tagged Martin Weissburg, Melker Jernberg, Volvo Construction Equipment
Stockholm, Sweden, 13-5-2014 — /EuropaWire/ — SSAB is entering into an agreement with Hexicon AB to develop far off shore platforms. The combined technology will offer advantages within the market for renewable energy. A first demonstration unit is planned for Swedish waters in 2017. … Read the full press release
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