Volvo concluded the acquisition of US based Ingersoll Rand’s road development equipment division, other than operations in India which will follow shortly. The division will be consolidated in the Volvo Group from May 1, 2007. The transaction was initially announced on February 27, 2007.
Volvo has now received the necessary approvals from the relevant authorities and other permits required to conclude the acquisition in all countries except India, which is expected to follow shortly.
Ingersoll Rand’s operations in road development equipment comprise soil and asphalt compactors, asphalt pavers and milling machines as well as material handling equipment such as telescopic handlers and rough terrain forklifts.