Tag: Volvo Construction Equipment: Page 2

Dealers

Nors Group buys Strongco, takes over Volvo CE dealer locations across Canada

Portugal-based Nors Group has bought Canadian dealer Strongco and will take over its Volvo Construction Equipment dealerships in Canada. Nors is taking over 22 Volvo CE locations, including those in the provinces of Alberta, Ontario, Quebec, New Brunswick, Nova Scotia and Newfoundland and Labrador. Nors “has built a reputation as an outstanding dealer that is […]

March 23, 2020

Construction Equipment

‘Superheated’ scissor lift market spurs new entrants Pettibone, LGMG. Can they succeed?

Editor’s Note: Since this article published, LiuGong has also entered the U.S. scissor lift market. You can read about that here and the Chinese manufacturer’s deepening involvement in North America here. Craig Paylor, former president of JLG, was looking to add some scissor lifts in 2018 as an additional revenue stream to his truck distribution business. […]

February 24, 2020

Dealers

Volvo CE sales up 5% in 2019; will start selling electric machines in February

Volvo Construction Equipment reports that it saw a 5 percent sales gain in 2019, despite a 3 percent sales drop in the fourth quarter. In 4Q 2019, net sales decreased by 3 percent to SEK 19,716 million, compared with SEK 20,323 in 4Q 2018. (All amounts are reported in Swedish Krona.) For the full year […]

February 4, 2020

ConExpo-Con/Agg

Volvo’s EC300E Hybrid excavator ain’t got that swing; captures boom-down energy instead

Instead of capturing an excavator’s swing energy to provide an electric assist to the engine, the hydraulic hybrid assist system on Volvo Construction Equipment’s upcoming 30-ton EC300E Hybrid uses the energy generated by the boom down motion and captures it hydraulically to assist in the boom up motion. “This is where you need most of […]

January 27, 2020

ConExpo-Con/Agg

Volvo Construction Equipment details ConExpo 2020 booth plans

Volvo Construction Equipment has unveiled further details of its 60,000-square foot ConExpo booth, located at F3432 in the new Festival Grounds. Working under the theme “Building Tomorrow,” the Volvo display will feature a central ramp leading up to the operator stations in both its largest-in-the-lineup EC950F excavator and its R100E 100-ton rigid hauler (a Tier 4 […]

January 21, 2020

Class 7-8

Volvo Group launches new Autonomous Solutions Group led by Nils Jaeger

Volvo Group, parent of Volvo Construction Equipment, has named Nils Jaeger president of is new Volvo Autonomous Solutions business division. He will report to Martin Lundstedt, Volvo Group president and CEO and serve as a member of the Volvo Group management team. The Volvo Autonomous Solutions division, which began Jan. 1st,  is charged with accelerating […]

January 8, 2020

Dealers

Alta Equipment joins with financial company to form publicly-traded construction equipment firm

Alta Equipment Holdings, Livonia, Michigan, has merged with B. Riley Principal Merger (BRPM), a special purpose acquisition company, to create a publicly-traded equipment dealership platform valued at approximately $550 million. Alta carries Volvo Construction Equipment and JCB lines, among others. When the deal closes, BRPM says it will change its name to Alta Equipment Group and […]

December 13, 2019

Dealers

3Q ’19 Financed Construction Equipment: Compact excavators grew the most, CTLs still dominate

Compact excavators led all types of financed new equipment in year-over-year 3Q growth, growing 14 percent, according to UCC-1 data from EDA. Other equipment types showing 3Q growth over 2018 were new compact utility loaders (up 7 percent); compact track loaders or CTLs (up 4 percent); excavators (up 4 percent); and backhoes (up 2 percent). […]

December 9, 2019

ConExpo-Con/Agg

Volvo Construction Equipment plans largest-ever ConExpo booth

Volvo Construction Equipment will present its largest-ever ConExpo booth experience across 60,000 square feet of outdoor show space in the new Festival Grounds at booth F3432. (You can see more of what OEMs have in store for ConExpo 2020 in our show preview page by clicking here.) Front and center in the booth will be […]

November 19, 2019

Dealers

Strongco 3Q results: “solid performance despite softer markets”

Canadian dealer Strongco reported it saw revenues of $98 million Canadian during 3Q, down $1 million from its 2018 3Q results of $99 million. Gross profit, however, rose from $18 million in 2018 to $19 million for the quarter. The company said the revenue decrease was impacted by lower sales of construction equipment and cranes […]

November 6, 2019

Dealers

Volvo CE sees global 3Q dip in machine sales while posting 7% increase in N. America

Volvo Construction Equipment, saying “the long period of strong demand growth in the market for construction equipment came to an end in the third quarter of 2019,” announced that its global sales dropped by 4 percent in the quarter. The picture was much brighter in North America, however, which saw an increase of 7 percent […]

October 21, 2019

Construction Equipment

Volvo CE names Scott Equipment dealer for Ark.

Volvo Construction Equipment has named Scott Equipment, headquartered in Monroe, Louisiana, as its dealer in Arkansas, replacing Little Rock, Arkansas-based Hugg & Hall Equipment. To ensure a smooth transition, Scott Equipment will take on Hugg & Hall employees servicing Volvo CE products and services at its four Arkansas locations in Fort Smith, Springdale, Texarkana and […]

October 4, 2019