May 2019 Vol. 74 No. 5
Business News
Volvo
Volvo CE has finalized acquisition of Swedish machine adaptation specialist CeDe Group. The deal includes CeDe Group’s intellectual property, operations, other assets and about 45 full-time employees.
Based in Malmo, Sweden, CeDe Group has a good reputation in Scandinavia as a low-volume adaptor of construction and mining machinery for special applications. Working for several leading OEMs, including Volvo CE and its dealers, adaptations include developing new bodies for haulers (e.g. fuel, water, waste.), rail conversions for wheeled excavators, as well as conversions for underground mining applications. The company was formed in 2000 and can trace its roots back to Volvo’s original excavator business, Åkerman.
“This cooperation secures CeDe’s future,” said Krister Johnsson, company representative. “With our already long and good relationship with Volvo CE and deep understanding of its products, we are excited at the opportunities to develop our services and expand our reach into new markets.”
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