Panhard is a private company that traces its roots to the passenger-car industry. The company specializes in the manufacture of small armored vehicles adapted for defense operations. In 2011, Panhard had sales of EUR 81 M, resulting in operating profit of EUR 9.4 M. The company has approximately 300 employees.
The transaction has no significant impact on the Volvo Group’s earnings or financial position.
October 25, 2012
Journalists who would like more information should contact Kina Wileke,
+46 31-66 12 32 or +46 739-02 55 44.