The Ammann Group and Volvo Construction Equipment (Volvo CE) have reached an agreement over the ABG Paver Business. Under the agreement, Ammann will acquire Volvo CE’s global ABG Paver Business including ABG in Hameln, Germany.
The deal will benefit both companies by strengthening the product portfolio and distribution network of the Ammann Group, while allowing Volvo CE to continue to focus on developing sustainable solutions and future technologies and services, in line with their strategic direction.
The transaction, expected to be completed within the first half of 2024, includes the transfer of Volvo CE’s paving businesses in Linyi (China) and Bangalore (India) as well as Volvo CE´s ABG facility in Hameln (Germany).
Ammann will leverage its industry knowledge and customer relationships to guide development of the pavers, with ABG in Hameln (Germany) becoming the Center of Excellence for paving operations within Ammann.
Customers and dealers of both Ammann and Volvo CE will retain access to the full line of paving offerings, as well as aftermarket and other services.
The transaction is subject to regulatory approvals and works council consultations.
