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Ammann to acquire ABG paver business from Volvo CE

Volvo CE are divesting their ABG paver business to the Ammann Group
Volvo CE are divesting their ABG paver business to the Ammann Group

Volvo Construction Equipment agreed to divest global ABG paver business to the Ammann Group

THE Ammann Group and Volvo Construction Equipment (Volvo CE) have reached an agreement whereby Ammann will acquire Volvo CE’s global ABG paver business for an undisclosed sum.

The agreement will benefit both companies by strengthening the product portfolio and distribution network of the Ammann Group, while allowing Volvo CE to continue to focus on developing sustainable solutions and future technologies and services, in line with their strategic direction.

 

The transaction includes the transfer of Volvo CE’s paving businesses in Linyi, China, and Bangalore, India, as well as Volvo CE’s ABG facility in Hameln, Germany. The number of employees impacted as a result of the announcement is approximately 400.

‘This strategic acquisition completes the depth of our product offerings and makes the solutions we offer customers more comprehensive,’ said Hans-Christian Schneider, chief executive officer of the Ammann Group.

The acquisition will also position Ammann with a suite of solutions covering everything from asphalt plants to paving and compaction,’ he added.

Ammann say they will leverage their industry knowledge and customer relationships to guide development of the pavers, with ABG in Hameln, Germany, becoming the Centre of Excellence for paving operations within Ammann.

Customers will retain access to the full ABG paving range, as well as aftermarket and other services, through the Ammann Group dealer network and some selected Volvo CE dealers.

The transaction, which is subject to regulatory approvals and works council consultations, is expected to be completed within the first half of 2024.

 

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