Ammann and Volvo CE strike asphalt paver deal

Ammann and Volvo CE are striking an asphalt paver deal.
By MJ Woof December 14, 2023 Read time: 2 mins
Ammann is buying Volvo CE’s ABG paver range

The Ammann Group and Volvo Construction Equipment (Volvo CE) have reached an agreement over the ABG Paver Business. Under the agreement, Ammann will acquire Volvo CE’s global ABG Paver Business including ABG in Hameln, Germany.

The deal will benefit both companies by strengthening the product portfolio and distribution network of the Ammann Group, while allowing Volvo CE to continue to focus on developing sustainable solutions and future technologies and services, in line with their strategic direction.

The transaction, expected to be completed within the first half of 2024, includes the transfer of Volvo CE’s paving businesses in Linyi (China) and Bangalore (India) as well as Volvo CE´s ABG facility in Hameln (Germany).

“This strategic acquisition completes the depth of our product offerings and makes the solutions we offer customers more comprehensive,” said Hans-Christian Schneider, CEO of the Ammann Group. “The acquisition will also position Ammann with a suite of solutions, covering everything from asphalt plants to paving and compaction,” he added.

Ammann will leverage its industry knowledge and customer relationships to guide development of the pavers, with ABG in Hameln (Germany) becoming the Center of Excellence for paving operations within Ammann.

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.

The transaction is subject to regulatory approvals and works council consultations.

Asphalt milling, paving & compaction

For more information on companies in this article

Related Content

  • Ritchie Bros pick up IronPlanet for around US$758.5 million
    August 30, 2016
    Canada-based Ritchie Bros Auctioneers announced it will buy IronPlanet, a private company based in the United States but operating globally, for around US$758.5 million. IronPlanet was set up in 1999 and focuses on the needs of corporate accounts, equipment manufacturers, dealers and government entities in equipment disposition solutions. The company conducts its sales primarily through online-only platforms, with weekly online auctions and in other equipment marketplaces.
    Read More
  • Change for construction starts here
    May 1, 2022
    “If I were an adult, I would care for the environment a lot more than grown-ups do today - we need to make the world better! I worry that one day I might not be able to play in the forest anymore.” These words from seven-year-old Siri Riutta echo the concerns of millions of children across the world.
    Read More
  • XCMG brings paver and other heavy equipment to US, Europe
    March 17, 2023
    XCMG is using small rollers to build trust – and ultimately to lead to sales of bigger equipment down the road.
    Read More
  • JCB is building a new US factory
    October 16, 2023
    JCB is building a new US factory in Texas.
    Read More

Highlighted Content