Capital Equipment News

Volvo Construction Equipment (Volvo CE) has announced that it is divesting its wholly-owned British dealership to long-term distribution partner SMT.

The deal was signed on July 4 and is now followed by an employee consultation period before becoming effective (intended to be on August 31, 2017). 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. The existing management structure will remain in place.

Volvo CE to divest British dealership to SMT

“Volvo CE’s distribution in Great Britain is now in the hands of an independent and strategically aligned distribution partner, led by an experienced leadership team. This move supports the general transformation programme that is improving the long-term competitiveness of Volvo CE,” says Martin Weissburg, Volvo CE president.

“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. 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,” adds Weissburg.

“This change is an example of Volvo CE’s objective of focusing on the development of industry-leading products and services, while at the same time partnering with likeminded and entrepreneurial distribution partners,” says Carl Slotte, president of Volvo CE’s Europe, Middle East and African sales region.

“We feel that further growth in Great Britain is best achieved under the ownership of a strong independent dealer. We believe SMT, with its impressive record of accomplishment in the construction equipment market, is the right strategic distribution partner to grow and invest in this important European market long term,” adds Slotte.

Nick Allen, MD for the British dealership, believes the acquisition will allow the dealership to become even more agile and enable it to continue to deliver industry leading customer service to its customers. “SMT really understands what it means to represent Volvo, so I am confident that we are in safe hands – we are excited at the prospect for developing the business further under our new owners,” he says.

“The acquisition is an important part of SMT’s growth strategy, and joins our successful recent purchases of Volvo CE distribution businesses in Benelux and Morocco. We respect what has been achieved by the Volvo team in Great Britain,” says Jérôme Barioz CEO of SMT. “Under SMT ownership, we are committed to investing in its future success, one driven by offering the highest standards in services to customers.”

Contact Capital Equipment News

Title: Editor
Name: Munesu Shoko
Email: capnews@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

Title: Advertising Manager
Name: Elmarie Stonell
Email: elmaries@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

BANNER5

 
Full Name*
Invalid Input

Company Name*
Invalid Input

Your Email*
Invalid Input

Phone*
Invalid Input

Postal Address 1*
Invalid Input

Postal Address 2*
Invalid Input

Postal Code*
Invalid Input

Street Address 1
Invalid Input

Street Address 2
Invalid Input

Postal Code
Invalid Input

Town / City*
Invalid Input

Country*
Invalid Input

Magazine

Invalid Input

Invalid Input