Volvo CE and Ammann Group have reached an agreement for Ammann Group to acquire Volvo CE's global ABG paver business, including the ABG plant in Hameln, Germany. 
Volvo CE enters into an agreement with the Ammann Group to acquire **ABG paver business from the Ammann Group.
The Ammann Group wants to expand its business by investing in ABG pavers.
The acquisition includes the ABG Paver Production and Technology Center in Hamelin, Germany, and will ensure future sales and full support for the product line through the Ammann Group's distribution channels and select Volvo dealers.
Volvo CE and Ammann Group believe that this is the best way to carry on and build on the long history of ABG's paver business to its customers, dealers, contractors and employees.
As a result of the transaction, Hamelin will phase out the production of Volvo CE rollers.
This is a win-win agreement in which Ammann Group will strengthen its product portfolio and dealer network through this acquisition, while Volvo CE will continue to focus on sustainable solutions and future technologies and services in line with the company's strategic direction.
Headquartered in Switzerland, the family-owned Ammann Group is one of the world's leading suppliers of plants, equipment and services to the construction industry, with a focus on road construction and transport infrastructure. The Ammann Group wants to further expand its reach with the acquisition of the ABG paver business.
Customers will continue to purchase ABG paver products and aftermarket related services through the Ammann Group's dealer network and selected Volvo dealers.
The transaction is subject to regulatory approvals and the Labour Council consultation process and is expected to close in the first half of 2024.
Zhuozhong construction machinery media organizationStatement: The copyright of all articles, audio, files and other materials belongs to the copyright owner, and the content of the non-original articles and content used in this website cannot be contacted by the copyright owner one by one, if the author and editor of the article of the selected content of this *** believe that its works are not suitable for readers to browse, or should not be used free of charge (involving cost issues, it is necessary to delete "not suitable for everyone to browse the Internet, or should not be used for free") Please email or ** Notify us so that appropriate measures can be taken promptly to avoid unnecessary financial losses to both parties.