# Ammann Group to acquire Volvo CE's ABG paver business

Volvo Construction Equipment agreed to divest its global ABG paver business to Ammann Group, including the production and technology center in Hameln, Germany. About 400 employees will transfer to Ammann. The transaction is expected to close in the first half of 2024.

- Type: Acquisition
- Announced: 2023-12-14
- Where: Hameln, Germany, Germany
- Jobs: -400
- Status: announced
- Products: asphalt pavers
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Volvo Construction Equipment](https://endata.com/companies/15315.md)
- [Ammann Group](https://endata.com/companies/74430.md) (acquirer)

## Sources

- [volvogroup.com](https://www.volvogroup.com/en/news-and-media/news/2023/dec/volvo-construction-equipment-reaches-agreement-to-divest-the-abg-paver-business.html), 2023-12-14: "Volvo Construction Equipment (Volvo CE) and the Ammann Group have reached an agreement whereby Ammann will acquire Volvo CE’s global ABG paver business."
- [volvoce.com](https://www.volvoce.com/global/en/news-and-events/news-and-stories/2023/volvo-ce-divests-abg-paver-business-to-ammann/), 2023-12-14: "The divestment includes the ABG Paver production and technology center in Hameln, Germany, and will ensure the availability of the range and full support through the Ammann Group distribution channels and selected Volvo CE dealers."

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