Volvo CE Completes Sale of GB Dealership

📅   Fri September 01, 2017 - National Edition


Volvo Construction Equipment, part of the AB Volvo Group, has completed the divestment of its wholly owned British dealership to SMT.
Volvo Construction Equipment, part of the AB Volvo Group, has completed the divestment of its wholly owned British dealership to SMT.

Volvo Construction Equipment, part of the AB Volvo Group, has completed the divestment of its wholly owned British dealership to SMT.

The previously announced deal, signed on July 4, was followed by a period of employee consultation, and became effective on Aug. 31. The sale includes the distribution rights for Volvo-branded construction equipment machines, parts and aftersales in Great Britain, as well as Volvo Construction Equipment Great Britain's headquarters in Duxford, Cambridgeshire, its nationwide operations, most other assets and the transfer of all employees. The existing management structure remains in place.

SMT is already an established Volvo Group distribution partner, distributing Volvo CE products and services in the Netherlands, Belgium and Luxembourg, as well as 18 African nations, including Algeria, Morocco and Nigeria. Part of the SDA Holding group, SMT had revenues in 2016 in excess of €350 million, and is a distribution partner for other Volvo Group companies.

For more information, visit www.volvoce.com.