Ammann to acquire ABG Paver Business from Volvo Construction Equipment

The Ammann Group and Volvo Construction Equipment (Volvo CE) have agreed to a transaction in which Ammann will acquire Volvo CE's global ABG Paver Business, including ABG in Hameln, Germany. This move aims to strengthen the product portfolio and distribution network of the Ammann Group while allowing Volvo CE to maintain its focus on developing sustainable solutions and future technologies and services in line with its strategic direction.

The transaction, anticipated to conclude in the first half of 2024, encompasses the transfer of Volvo CE's paving businesses in Linyi (China) and Bangalore (India) as well as Volvo CE's ABG facility in Hameln (Germany).

“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,” he added.

Ammann plans to leverage its industry knowledge and customer relationships to guide the development of the acquired pavers, with the ABG facility in Hameln, Germany, becoming the Center of Excellence for paving operations within Ammann.

Customers and dealers of both Ammann and Volvo CE will continue to have access to the full line of paving offerings, as well as aftermarket and other services.

The completion of the transaction is contingent upon regulatory approvals and works council consultations.