Ferronordic acquires Volvo CE dealer Rudd Equipment Company

Ferronordic agreed to acquire Rudd Equipment Company, a Volvo CE dealer in the U.S., for $95 million. The deal is expected to close on November 30, 2023.

“Ferronordic, a Volvo Construction Equipment dealer with 28 locations in Germany and Kazakhstan, is expanding into the U.S. market with its purchase of Rudd Equipment Company.”equipmentworld.com

• 3 sources
• equipmentworld.comFerronordic acquires Volvo CE dealer Rudd Equipment Company | Equipment WorldJordanne WaldschmidtNov 21, 2023
• compactequip.comVolvo CE Dealer Rudd Equipment Acquired by FerronordicPress ReleaseDec 4, 2023
• constructionequipment.comEuropean Dealership Buys Rudd Equipment | Construction EquipmentRod SuttonDec 4, 2023

Summarized from public sources; check the original articles before acting on it.