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Ammann to acquire ABG Paver Business from Volvo CE
14 December 2023
The Ammann Group is to acquire Volvo Construction Equipment鈥檚 (Volvo CE) global ABG Paver Business.
The transaction, expected to be completed within the first half of 2024, includes the transfer of Volvo CE鈥檚 paving businesses in Linyi (China) and Bangalore (India) as well as Volvo CE麓s ABG facility in Hameln (Germany).
In a press release Ammann said it intended to 鈥渓everage its industry knowledge and customer relationships鈥� to guide development of the pavers and that ABG in Hameln (Germany) would become the Center of Excellence for paving operations within Ammann.
鈥淭his strategic acquisition completes the depth of our product offerings and makes the solutions we offer customers more comprehensive,鈥� said Hans-Christian Schneider, CEO of the Ammann Group.
鈥淭he acquisition will also position Ammann with a suite of solutions, covering everything from asphalt plants to paving and compaction.鈥�
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.
As a consequence of the divestment, production of Volvo CE compaction equipment in Hameln will be phased out over time.
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