Volvo Construction Equipment has reached an agreement to divest the ABG Paver business to the Ammann Group, which intends to expand and invest in the paving segment.
The divestment includes the ABG Paver production and technology center in Hameln, Germany, and will ensure the availability of the range and full support through the Ammann Group distribution channels and selected Volvo CE dealers.
Both companies see this move as the best way to maintain and develop the long-established ABG heritage in the paver business for relevant customers, dealers, suppliers, and employees. As a consequence of the divestment, production of Volvo CE compaction equipment in Hameln will be phased out over time.
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 the company’s strategic direction.
Customers will continue to have access to the ABG Paving range, as well as aftermarket and other services, through Ammann Group and some selected Volvo CE dealers.
Ammann currently supplies mixing plants, machines, and services to the construction industry with a core expertise in roadbuilding and transportation infrastructure. This will be further developed through the ABG Paver business expansion.
Read the full article here
