Volvo CE completes sale of GB dealership

After a period of employee consultation, 473 Volvo Construction Equipment has concluded the sale of its Volvo Construction Equipment GB dealership to long-term distribution partner SMT, through its newly-established subsidiary, Services Machinery & Trucks.

The sale includes the distribution rights for Volvo-branded construction equipment machines, parts and after-sales in Great Britain, as well as Volvo CE Great Britain’s headquarters in Duxford, county Cambridgeshire, England, its nationwide operations, most other assets and the transfer of all employees. The existing management structure remains in place.

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.