SMT’s acquisition of the Volvo Construction Equipment GB dealership has been concluded.
Following a period of employee consultation, the sale became effective from August 31 and includes the distribution rights for Volvo-branded construction equipment machines, parts and after-sales in Britain.
The deal also involves the transfer of all employees as well as Volvo Construction Equipment Great Britain’s HQ in Duxford, Cambridgeshire, its nationwide operations and “most other assets”. The existing management structure remains in place
SMT is already a Volvo distributor 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 excess of €350 million last year.