Press releases – 2007
| Volvo Construction Equipment Rents, Inc. (Volvo Rents), has announced the opening of a Volvo Rents equipment rental franchise in Denver, Colorado. |
| Assets of Canadian timber handling machinery manufacturer, Technologies Direct, have been acquired by Volvo Construction Equipment (Volvo CE) in a move that will extend its forestry application product range. |
| Volvo Construction Equipment has announced the development of a new product class of pipelaying machines targeting, primarily, contractors in the on-shore oil and gas industry. Believed to be the most significant equipment innovation in this industry segment in nearly 80 years, it is anticipated that the new class will be available to the North America market in the second quarter of 2008. |
| Penn-Jersey Machinery, the authorized Volvo Construction Equipment (Volvo CE) dealer in New Jersey and eastern Pennsylvania, has reached an agreement to assume the sales and marketing of road machinery products formerly marketed by Binder Machinery Company, an Ingersoll Rand dealer headquartered in South Plainfield, New Jersey. The agreement was effective August 1, 2007. |
| Volvo Construction Equipment Rents, Inc. (Volvo Rents), has announced the opening of a Volvo Rents equipment rental franchise serving Pensacola, Florida. |
| Volvo Construction Equipment North America has completed the merger of its New Jersey and eastern Pennsylvania dealer, Penn-Jersey Machinery, and two (2) Volvo Construction Equipment & Services (VCES) dealers in Pennsylvania and New Jersey. The combined dealerships will conduct business as Penn-Jersey Machinery. |
| Volvo Construction Equipment Rents, Inc. (Volvo Rents), has announced the opening of a second Volvo Rents equipment rental franchise in Williamsburg, Virginia, by the Nelva Corporation. |
| Volvo Construction Equipment (Volvo CE) had a strong second financial quarter of 2007, reporting a sales increase of 24% and operating income up by 10%. |
| Volvo Construction Equipment North America, Inc., Asheville, North Carolina, announced that it has purchased approximately eighty-one (81) acres of land in north Buncombe County for the development of a new Customer Center. The property is located at 87 Barnardsville Highway at Exit 15 of Interstate 26. |
| The acquisition of the road machinery division of Ingersoll Rand in April 2007 by Volvo
Construction Equipment (Volvo CE) included twenty (20) Ingersoll Rand company
stores providing sales, service, parts and rental to construction equipment customers in
their markets. The company stores organization, formerly Ingersoll Rand Equipment &
Services, began operating as Volvo Construction Equipment & Services (VCES)
July 1, 2007. |
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