Volvo Construction Equipment reaches agreement to divest the ABG paver business
Volvo Construction Equipment (Volvo CE) and the Ammann Group have reached an agreement whereby Ammann will acquire Volvo CE’s global ABG paver business. As a result of the planned transaction, the Volvo Group’s operating income will be negatively impacted by approximately SEK 650 M in the fourth quarter of 2023.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. Volvo CE and the Ammann Group see this as the best