GOTHENBURG, Sweden, Sept. 1, 2025 /PRNewswire/ -- Volvo Construction Equipment (Volvo CE) has completed its previously communicated divestment of its ownership in China -based SDLG (Shandong Lingong Construction Machinery Co) to a fund predominantly owned by the Lingong Group (LGG) for SEK 8 billion (6 billion RMB).
The transaction is expected to have a positive effect of approximately SEK 1 billion on operating income as of closing, subject to currency fluctuations.
Going forward, Volvo CE will be targeting focused customer segments in China and enhance its utilization of the Chinese supplier eco system.
September 1, 2025
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Claes Eliasson, Head of Media Relations
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The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers' uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets. In 2024, net sales amounted to SEK 527 billion (EUR 46 billion). Volvo shares are listed on Nasdaq Stockholm.
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https://news.cision.com/ab-volvo/r/volvo-construction-equipment-completes-divestment-of-sdlg-equity,c4226539
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https://mb.cision.com/Main/39/4226539/3638744.pdf | Press Release - Volvo Construction Equipment completes divestment of SDLG equity |
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SOURCE AB Volvo
