Volvo to buy Ingersoll-Rand road unit for $1.3 billion - Ford Inside News Community
 
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post #1 of 3 (permalink) Old 02-27-2007, 04:11 PM Thread Starter
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Volvo to buy Ingersoll-Rand road unit for $1.3 billion

STOCKHOLM (Reuters) - World number two truck maker Volvo said on Tuesday it would buy the road construction machinery business of diversified U.S. manufacturer Ingersoll-Rand for $1.3 billion in cash.
The agreement extended a buying spree by Volvo, whose war chest is packed from years of strong demand in key markets. Last week it spent $1.1 billion to take over Japan's Nissan Diesel Motor.

http://news.moneycentral.msn.com/pro...227&ID=6538098

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They are on a buying spree
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post #2 of 3 (permalink) Old 02-27-2007, 09:40 PM
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Keep in mind that independent Volvo trucks has no relation whatsoever with Ford owned Volvo cars.



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post #3 of 3 (permalink) Old 02-27-2007, 09:51 PM
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True.
It seems like Volvo will soon be challenging Isuzu, Daimler and Mitsubishi Fuso for the Trucking market leadership around the world
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