Volvo Group completes divestment of Arquus
Volvo Group has today completed the divestment of Arquus to John Cockerill Defense according to the previously announced option agreement.Arquus manufactures and sells specially designed vehicles to defense forces and employs about 1,200 employees in France. In 2023, Arquus represented approximately 1 % of Volvo Group revenues.
The transaction has no material impact on the Volvo Group financial performance.
July 2, 2024
Journalists wanting further information, please contact:Claes Eliasson, Head of Media Relations+46 76 553 7229press@volvo.com