# 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.

- Type: Acquisition
- Announced: 2023-11-21
- Where: Louisville, Kentucky, United States
- Value: $95.0M
- Status: announced
- Products: construction equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ferronordic](https://endata.com/companies/73943.md) (acquirer)
- [Rudd Equipment Company](https://endata.com/companies/73944.md) (target)

## Sources

- [equipmentworld.com](https://www.equipmentworld.com/dealers/article/15658342/ferronordic-acquires-volvo-ce-dealer-rudd-equipment-company), 2023-11-21: "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."
- [compactequip.com](https://compactequip.com/business/volvo-ce-dealer-rudd-equipment-acquired-by-ferronordic/), 2023-12-04: "This is a transformational transaction for us."
- [constructionequipment.com](https://www.constructionequipment.com/earthmoving/news/33015833/european-dealership-buys-rudd-equipment), 2023-12-04: "This is a transformational transaction for us."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.