(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
(IN BRIEF) In a pioneering collaboration involving several organizations including Telia, Ericsson, and Volvo CE, supported by Vinnova, a successful test was conducted using a drone equipped with a portable mobile base station to provide 5G connectivity in remote forest … Read the full press release
Posted in Business, Environment, Financial, Industrial, Investment, Management, News, Sweden, Technology, Telecom
Tagged 5G connectivity, Drone-Powered, Ericsson, Forestry Machines, forests, Magnus Leonhardt, partnership, Petrus Jönsson, Remote Control, sustainability, Sweden, Telia, VINNOVA, Volvo CE
The fifth generation mobile network, 5G, is to be tested at one of Boliden’s mines. The test is a partnership between several major players and Boliden’s aim is to further improve safety and productivity in the mine environment. STOCKHOLM, 8-6-2015 … Read the full press release
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