Volvo Construction Equipment
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Volvo Construction Equipment (originally Volvo BM) is a subsidiary and business area of AB Volvo. Volvo Construction Equipment develops, manufactures and markets equipment for the construction and related industries.
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[edit] Overview
The products, leaders in many world markets, include a comprehensive range of wheel loaders, wheeled and crawler hydraulic excavators, articulated haulers, motor graders, backhoe loaders, skid steer loaders, as well as compact excavators, skid steers, and wheel loaders. Volvo Construction Equipment has production facilities in Europe, Asia, North America, and South America. The company offers worldwide service and spare-part distribution.
Volvo Construction Equipment mainly distributes its machines through independent dealers and, in parallel with their rental program, to customers in more than 200 countries. Principal Volvo products for the rental centers include the company’s comprehensive line of compact excavators, skid steers, and backhoe loaders.
The corporation's equipment rental arm, Volvo Rents, began its equipment franchising initiative in 2001. The company now has more than 60 active equipment rental centers—mostly in North America—and continues to expand its operations in Europe with rental centers in Portugal and Spain.
[edit] History
In 1951, AB Volvo bought the machine manufacturer Bolinder-Munktell (BM) and renamed the company BM-Volvo. In 1973, the company name was changed again to Volvo BM. During the 1980s and 1990s, a number of American, European and Asian construction equipment manufacturers were purchased. In 1995, the name was changed to Volvo Construction Equipment. Up until 1985 Volvo BM also produced tractors and other agricultural machines; the tractor manufacturing division was sold to Valmet in 1985.
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