Volvo Construction Equipment (Volvo CE) has reached an agreement with Lantmännen to acquire Swecon’s business operations in Sweden, Germany, and the Baltics, including Entrack. The acquisition is valued at 7 billion SEK and awaits regulatory approval. The deal is expected to close in the second half of 2025.
The acquisition encompasses Swecon’s business activities in these regions, such as product and service sales, rental operations, aftermarket services and support for customers, as well as offices, workshop facilities, and 1,400 employees.
Volvo CE views this move as a strategic investment to enhance its retail operations in key markets: Germany, Europe’s largest construction equipment market; Sweden, Volvo CE’s home market; and Estonia, Latvia, and Lithuania. This acquisition will expand Volvo CE’s ownership and management of its European business operations.
“At this time of transformation of our industry where our competitiveness is put to test, directly collaborating with our customers is even more important to be successful, and through the acquisition of Swecon we believe we can drive an enhanced customer satisfaction,” stated Melker Jernberg, Head of Volvo CE.
Lantmännen is an agricultural cooperative engaged in agriculture, energy, food, and machinery sectors. In 2024, Swecon reported revenues amounting to 10 billion SEK. Entrack provides aftermarket products independently under Lantmännen’s ownership.
Journalists seeking further information can contact Claes Eliasson at +46 76 553 7229 or [email protected]. More details are available on volvogroup.com or through LinkedIn updates.
The Volvo Group offers transport and infrastructure solutions globally with a focus on sustainability. Founded in 1927 and headquartered in Gothenburg, Sweden, it employs over 100,000 people across nearly 190 markets. In 2024 alone, the group’s net sales reached SEK 527 billion (EUR 46 billion), with shares listed on Nasdaq Stockholm.
