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 bullish in Asian market
    February 29, 2012
    The manufacturer Volvo Construction Equipment has major growth plans for its presence in Asia and China in particular.
    Read More
  • Volvo CE aims new excavator at EMEA
    May 17, 2017
    Volvo says that its new EC140D excavator combines high fuel efficiency, uptime and productivity. The machine is powered by a Tier 2-compliant D3.8F engine that is said to be well-matched to its hydraulics to deliver low fuel consumption for an excavator in the 12.8-15.8tonne weight class. Operators can choose from five intelligent work modes – I (Idle), F (Fine), G (General), H (Heavy), and P (Power Max) – to ensure only the right amount of flow is delivered for the task at hand. Volvo CE’s ECO mode is als
    Read More
  • Volvo CE opens Chinese technology facility
    March 20, 2014
    Volvo Construction Equipment has carried out the official opening for its new technology centre in Jinan, China. The 50,000m2 facility is located in China’s Shangdong Province, China and will focus on developing products and components for customers in emerging markets. The centre combines design offices with workshops and facilities for testing both complete machines and components. Currently there are more than 150 employees working at the facility, the majority of which are local engineers, but employee
    Read More
  • Competition fuelling excavator excellence
    March 11, 2014
    The wide array of crawler excavators on the global construction market has led to strong competition between suppliers, each of which is keen to stay ahead of its rivals. All the major international manufacturers are introducing new models in North America and Europe for 2014, with key performance upgrades. From Doosan comes the 22.5tonne DX225LC-3, which is said to offer increased performance and lower engine emissions and is aimed at one of the most highly competitive segments of the market. The machine
    Read More

Highlighted Content