India, June 24 -- Swedish commercial vehicle maker AB Volvo (VLVLY.PK, VOLVF.PK) announced Tuesday that its unit Volvo Construction Equipment or Volvo CE has agreed to purchase Swecon's select business operations for 7 billion Swedish kronor, and to sell its ownership in China-based SDLG for 8 billion kronor.
In a stetament, Volvo announced that the unit has signed a deal with Lantmannen, an agricultural cooperative, to acquire the Swecon's business operations in Sweden, Germany and the Baltics including Entrack, a provider of aftermarket products. The acquisition is anticipated to close in second half of 2025, subject to regulatory approval.
The acquisition includes Swecon's business scope in these markets. These include sales of product...