# Lingong Group to acquire 70% of Shandong Lingong from Volvo CE

Lingong Group has signed an agreement to acquire 70% of the equity of Shandong Lingong Engineering Machinery Co., Ltd. held by Volvo CE through a newly established fund, gaining control and management rights.

- Type: Acquisition
- Announced: 2025-06-24
- Where: Shandong Province, China
- Value: $827.0M
- Status: announced
- Products: engineering machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Volvo Construction Equipment](https://endata.com/companies/15315.md) (partner)
- [Shandong Lingong Construction Machinery](https://endata.com/companies/39659.md) (target)
- [Volvo CE](https://endata.com/companies/79670.md) (partner)
- [Lingong Group](https://endata.com/companies/85530.md) (acquirer)
- [Shandong Lingong Engineering Machinery Co., Ltd](https://endata.com/companies/85531.md) (target)

## Sources

- [seetaoe.com](https://www.seetaoe.com/details/246417.html), 2025-06-24: "Lingong Group will acquire 70% of the equity of Shandong Lingong Engineering Machinery Co., Ltd. held by Volvo CE through a newly established fund."
- [rlmining.com](https://www.rlmining.com/news/LingongGroupacquired70ofVolvo%E2%80%99sshares/), 2025-06-24: "Lingong Group announced that, following friendly negotiations with Volvo Construction Equipment (VOLVO CE), both parties have officially signed an agreement under which Lingong Group, through a newly established fund, will acquire 70% of the equity in Shandong Lingong Construction Machinery Co., Ltd"
- [equipmentworld.com](https://www.equipmentworld.com/business/article/15749212/volvo-ce-selling-chinese-construction-equipment-manufacturer-sdlg), 2025-06-24: "Volvo CE is selling its 70% stake in the company it acquired in 2006 to minority owner Lingong Group."

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