Volvo Construction Equipment Reaches Agreement to Sell ABG Paver Business to Anmai Group!

Volvo Construction Equipment and Anmai Group(Ammann Group)Come to an agreement，Amway Group to Acquire Volvo Construction Equipment WorldwideABGPaver business，Including Hamelin, Germany(Hameln)YesABGFactory。

Volvo Construction Equipment Reaches Agreement with Anmai Group，Sold to Anmai GroupABGPaver business。

Anmai Group wants to expand its business scope.，InvestmentABGPaver。

Ammar's acquisitions include Hamelin, Germany,ABGPaver Production and Technology Center，It will ensure the future sales and complete support of the product line through the distribution channels of Anmai Group and some Volvo dealers.。

Volvo Construction Equipment and Anmai Group believe that this is related to customers.、Dealer、Inheritance and development of suppliers and employeesABGThe best solution for the long history of paver business。

After the deal，Hamelin to Phase Out Roller Products for Volvo Construction Equipment。

This is a win-win agreement.，Amway will strengthen its product portfolio and dealer network through this acquisition.，Volvo construction equipment will follow the company's strategic direction.，Continue to focus on developing sustainable solutions and future technologies and services。

Anmai Group, a family company based in Switzerland, is a world leader in providing mixing plants for the construction industry.，Suppliers of equipment and services，Focus on road construction and transportation infrastructure。Anmai Group hopes to acquireABGPaver business to further expand its business scope.。

Customers will continue to buy through the Amway Group's dealer network and some Volvo dealers.ABGPaver products and aftermarket related services。

The transaction is subject to the approval of the relevant regulatory authorities and the Labor Committee.(works council)Consultation process，Expected to be completed in the first half of 2024。

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