Volvo CE Sells SDLG Stake For $850 Million

Dubai (PlantAndEquipment.com) - Volvo Construction Equipment (Volvo CE) has completed the previously announced divestment of its shareholding in Shandong Lingong Construction Machinery Co. (SDLG). The stake was sold to a fund largely controlled by Lingong Group (LGG) for approximately $850 million.

According to the company, the transaction is expected to contribute positively to its financial performance, with an estimated boost of around $106 million to operating income at closing.

Looking ahead, Volvo CE stated it will focus on selected customer segments within the Chinese market. The company also plans to strengthen its engagement with China’s supplier network to enhance operational efficiency.