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SMT Completes Volvo Acquisition

After a period of employee consultation, Volvo Construction Equipment has concluded the sale of its Volvo Construction Equipment GB dealership to long term distribution partner SMT Holdings SA (SMT), through its newly established subsidiary, Services Machinery & Trucks Ltd. Adidas Zx Flux adidas messi 2017 asics soldes Volvo Construction Equipment, part of the AB Volvo Group, has completed the divestment of its wholly owned British dealership to SMT. nike air max thea chaussure asics nike air presto The previously announced deal, signed on 4th July, was followed by a period of employee consultation, and became effective on 31st August. timberland homme adidas nmd nike air max 2016 The sale includes the distribution rights for Volvo-branded construction equipment machines, parts and aftersales in Great Britain, as well as Volvo Construction Equipment Great Britain’s headquarters in Duxford, Cambridgeshire, its nationwide operations, most other assets and the transfer of all employees. asics france The existing management structure remains in place. adidas ultra boost christian louboutin nike soldes SMT is already an established Volvo Group distribution partner, distributing Volvo CE products and services in the Netherlands, Belgium and Luxembourg, as well as 18 African nations, including Algeria, Morocco and Nigeria. ugg pas cher soldes nike Part of the SDA Holding group, SMT had revenues in 2016 in excess of €350 million, and is a distribution partner for other Volvo Group companies.

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