Volvo Acquires CeDe Group for 'Special Applications' in Construction

摘要

Volvo Construction Equipment has announced it is acquiring "special application partner" CeDe Group for an undisclosed sum. CeDe Group, based in Malmo, Sweden, is a low-volume adaptor of construction and mining machinery for special applications. Working for several OEMs, including Volvo and its dealers, its adaptations have included developing new bodies for haulers (e.g. fuel, water, waste), rail conversions for wheeled excavators, and conversions for underground mining applications. CeDe will remain a standalone business, but Volvo says it will add resources to allow the company to expand its market reach and customer bases. A Volvo spokesperson told Construction Equipment that CeDe has supplied modified equipment to Volvo North America in the past, and this deal means that "it would like, over time, to expand in all markets, with the U.S. being an obviously attractive one."