The Ammann Group will acquire Volvo CE’s global ABG Paver Business including ABG in Hameln, Germany.
The Volvo CE divestment includes the ABG Paver production and technology centre in Hameln, Germany, and will ensure the availability of the range and full support through the Ammann Group distribution channels and selected Volvo CE dealers.
Due to the acquisition, Volvo CE will also phase out production of compaction equipment in Hameln.
“Volvo CE and the Ammann Group see this as the best way to maintain and develop the long established ABG heritage in the paver business for relevant customers, dealers, suppliers and employees,” Volvo CE said in a news release.
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.
“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.”
The agreement 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 the company´s strategic direction.
The Ammann Group is a Swiss-based, family-owned, world-leading supplier of mixing plants, machines and services to the construction industry with core expertise in roadbuilding and transportation infrastructure, which they intend to develop further through the ABG paver business expansion.
The number of employees impacted as a result of this announcement is about 400.
The transaction is subject to regulatory approvals and works council consultations, and closing is anticipated in the first half of 2024.
