Volvo CE buys Swecon assets for SEK 7 billion, sells SDLG stake for SEK 8 billion.

by MarketNewsData

From Nasdaq: 2025-06-24 02:58:00

  • Volvo Construction Equipment (Volvo CE) has agreed to purchase Swecon’s select business operations for 7 billion Swedish kronor and sell its ownership in China-based SDLG for 8 billion kronor.
  • The acquisition includes Swecon’s business operations in Sweden, Germany, and the Baltics, along with 1,400 employees and aftermarket products.
  • Volvo CE aims to invest in key markets like Germany and Sweden with this strategic move, focusing on offering premium products and services.
  • The sale of SDLG to a fund owned by Lingong Group is expected to have a positive effect of 1 billion kronor on operating income.
  • The transaction is expected to close in the second half of 2025, subject to regulatory approvals and conditions.



Read more at Nasdaq: Volvo CE To Buy Swecon’s Select Assets For SEK 7 Bln; To Sell Stake In China’s SDLG For SEK 8 Bln

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