Volvo CE Buying CeDe

Volvo Construction Equipment is acquiring special application company CeDe Group for an undisclosed sum. CeDe Group is based in Malmo, Sweden, and the deal – which is expected to come into force by mid-March – will include its intellectual property, operations, other assets and staff of approximately 45 full-time employees.

CeDe Group is a low-volume adaptor of construction and mining machinery for special applications. As the annual volumes produced are relatively low, the deal will have no material effect on the income or financial position of Volvo CE.

Working for several leading OEMs, including Volvo CE and its dealers, adaptations include developing new bodies for haulers (e.g. fuel, water, waste.), rail conversions for wheeled excavators, as well as conversions for underground mining applications etc. The company was formed in 2000 and can trace its roots back to Volvo’s original excavator business, Åkerman.

Volvo CE said it add additional resources to CeDe allow it to expand its market reach and customer bases, becoming a European leader in this specialized field. A strenghtened partner will also support Volvo CE’s objectives of expanding its product offering into new segments and applications, as well as providing a partner who can deliver low volume prototypes and production runs said Volvo CE The company will continue to provide and expand its engineering services to non-Volvo CE customers.

“This acquisition makes sense on a number of strategic levels,” said Volvo CE President Melker Jernberg. “CeDe has already proven that it has a depth of engineering talent in adapting our machines for specialized applications. This closer relationship will allow Volvo CE to grow our product offerings while at the same time boosting CeDe’s ability to expand into new markets and segments, both with Volvo CE and its other OEM customers.”

CeDe Group’s Chief Executive Krister Johnsson said:“We are extremely pleased to be joining the Volvo CE family of companies. With our already long and good relationship with Volvo CE and deep understanding of its products, we are excited at the opportunities to develop our services and expand our reach into new markets.”

Related Articles

Deere Stage 5 Diesels at Bauma
KHL Expands DP, DPi Sales Team
May Named Deere President & COO
Dana Completes Oerlikon Drive Systems Purchase
Volvo CE Buying CeDe
MWM Starts Manufacturing Generator Sets In Brazil
African Factory’s First Gen-Sets
Terex Selling Demag To Tadano

Latest News

Diesel Progress International May-June 2019
U.S. Army, Canadian Orders For JCB
More Speakers At Diesel Progress Summit
White Paper discusses record equipment sales
Weichai Increases PSI Ownership to 51%
And Now Meritor Buys AxleTech
New Orders Down, Profit & Revenue Up in Q1 For Deutz
Danfoss Editron Signs Marine Electrification MOU
TE Connectivity To Acquire Kissling Group

Magazine Issue Archive

Log In

Forgotten Password?

Haven’t got an account? Click here to register.