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

  • Volvo CE president delighted with US$160 million acquisition of Terex haulers
    January 6, 2017
    New Volvo Construction Equipment president Martin Weissburg hopes that the group’s US$160 million December 2013 acquisition of the Terex Equipment rigid and articulated hauler business will be finalised during the second quarter of 2014. It has been an important move for Volvo he said.
    Read More
  • Volvo CE president delighted with US$160 million acquisition of Terex haulers
    March 5, 2014
    New Volvo Construction Equipment president Martin Weissburg hopes that the group’s US$160 million December 2013 acquisition of the Terex Equipment rigid and articulated hauler business will be finalised during the second quarter of 2014. It has been an important move for Volvo he said.
    Read More
  • Chinese firm Weichai has made a strategtic move in Germany with Kion
    January 18, 2013
    A landmark deal has been agreed between Shandong Heavy Industry Weichai Power and the German Kion Group. This is claimed to be the largest financial investment in Germany to date made by a Chinese company. Kion is a leading international producer of forklift trucks and under the terms of this deal, it will work with Weichai Power to develop a common platform for the machines for sale worldwide. The Chinese investment will also boost manufacturing capability within Europe. Weichai Power is investing €738 mil
    Read More
  • New drive developments for the market
    November 14, 2016
    In recent years developments in engine technology have played a key role with regard to improved machine performance. Diesel engine makers have had to meet a challenging schedule in terms of delivering new low emission engine technology and meet tough regulatory requirements for the US and Europe. Along with the cleaner emissions have come improved fuel economy and increased power density, allowing customers to meet the power needs of their machines with smaller and more economical engines. At the same time
    Read More

Highlighted Content