Volvo CE is buying specialist firm CeDe

Volvo CE plans to acquire specialist firm CeDe Group, based in Malmo, Sweden. CeDe modifies construction machines for use in special applications, adapting equipment in low volumes. The deal is for an undisclosed sum and will include CeDe’s intellectual property, operations and other assets. As the annual volumes produced are relatively low, the deal will have no major effect on Volvo CE’s financial position. CeDe Group works for several leading OEMs, including Volvo CE and its dealers. Its adaptations inc
March 1, 2019 Read time: 2 mins
CeDe is a specialist supplier of modified machines

359 Volvo CE plans to acquire specialist firm 2694 CeDe Group, based in Malmo, Sweden. CeDe modifies construction machines for use in special applications, adapting equipment in low volumes. The deal is for an undisclosed sum and will include CeDe’s intellectual property, operations and other assets. As the annual volumes produced are relatively low, the deal will have no major effect on Volvo CE’s financial position.

CeDe Group works for several leading OEMs, including Volvo CE and its dealers. Its adaptations include developing long reach booms for demolition excavators, water or fuel bowsers for haulers, rail conversions for wheeled excavators, as well as conversions for underground applications.

Volvo CE will make available its considerable competences to the company and aims to add resources to allow it to expand its market reach and customer bases, becoming a European leader in this specialised field. The company will continue to provide and expand its engineering services to non-Volvo CE customers.

Earthmoving & soil compaction

For more information on companies in this article

Related Content

  • CECE Summit 2018: Single-minded towards a single market
    November 22, 2017
    This year’s theme at the CECE Summit in Brussels was Industry and Politics: a historic transformation process The EU’s internal market must become truly a single market as well as a digital one. But there are storm clouds on the horizon. Europe’s single market is either threatened by political events of the past several years or about to become more secure because of it. That was the nub of an impassioned economic forum panel discussion.
    Read More
  • Construction adapting with Machine control Technologies
    June 18, 2015
    Machine control technologies are revolutionising construction – Dan Gilkes writes Electronic control of engines, transmissions and hydraulic systems, primarily to reduce exhaust emissions and boost productivity, is also providing manufacturers with an opportunity to incorporate increasingly complex machine control into their equipment. This in turn has the potential to make the machinery more productive, further cutting fuel consumption as part of a virtuous operational circle.
    Read More
  • Emergent markets key for formwork sector growth
    May 21, 2014
    Central and south-east Europe are hotbeds for new highway infrastructure projects utilising cutting-edge formwork solutions, while a number of leading formwork manufacturers are also looking at emergent markets for growth. Guy Woodford reports Travelling between Hungary’s capital Budapest and Southern Dalmatia now takes less time thanks to the Pan-European Corridor Vc – European route 73. Numerous tunnels and bridges are erected along the 397km stretch of the European route 73 through Bosnia owing to the
    Read More
  • Wacker Neuson bullish with strong results
    May 8, 2019
    The Wacker Neuson Group reports a strong financial performance for the first quarter of 2019. The firm’s results reveal a double-digit rise in revenue to €434.6 million, a gain of 17%. The company saw even higher growth of profit before interest and tax (EBIT) growth to reach €30.2 million, a jump of 31%. Meanwhile the firm’s EBIT margin improved to 6.9%, a gain of 0.7%. “This strong start to the year sees us continue the dynamic pace of growth from the fourth quarter of 2018. Demand for our products and
    Read More

Highlighted Content