In a move that will improve the company’s penetration in the core earthmoving segment and extend its presence in light mining, Volvo Construction Equipment has agreed to acquire the off-highway hauler business of the Terex Corporation for a purchase consideration of approx. USD 160 M (approx. SEK 1 billion) on a cash and debt free basis.
At the Volvo Group’s capital markets day in Gothenburg today, CEO Olof Persson presents the details of how the company’s previously established strategy program aims to have a positive impact of 3 percentage points on the Group’s operating margin by the end of 2015, corresponding to a total of SEK 9 billion based on net sales of SEK 300 billion.
On December 2, VE Commercial Vehicles Ltd (VECV), a joint-venture between the Volvo Group and Eicher Motors Ltd, launched the Pro Series, a new range of trucks and buses developed specifically for India and other selected growth markets. The Pro Series includes 11 new products (trucks and buses) and covers the entire 5 to 49 ton gross vehicle weight (GVW) range, setting a new standard among customers with high demands on profitability, flexibility and driver effectiveness.
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