Business

Ammann acquires Volvo CE’s paving business

Ammann Group has reached an agreement to acquire Volvo CE’s global ABG paver business

ABG Paver’s production and technology centre in Hameln, Germany will be acquired by the Ammann Group as part of this agreement.

Volvo CE and the Ammann Group say they see this agreement “as the best way to maintain and develop the long established ABG heritage in the paver business for relevant customers, dealers, suppliers and employees”.

The Swiss-based Ammann Group will be able to strengthen its product portfolio and distribution network while allowing Volve CE to continue to focus on developing sustainable solutions and future technologies and services, in line with its strategic direction, the companies say.

As a result of this agreement, it is estimated that 400 employees will be impacted, and the production of Volvo CE compaction equipment in Hameln will be phased out over time.

Customers will continue to still have access to the ABG Paving range, as well as aftermarket and other services, through the Ammann Group dealer network and some selected Volvo CE dealers.

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