Volvo Construction Equipment

Volvo Construction Equipment

Formerly called	VME Group
Type	Public
Industry	Heavy equipment
Predecessors	Eskilstuna Mekaniska Verkstad Munktells Mekaniska Verkstads Aktiebolag AB Bolinder-Munktell Volvo BM
Founded	1832 (1832) in Eskilstuna, Sweden
Founders	Johan Theofron Munktell Jean (Johan) Gerhard Bolinder Carl Gerhard Bolinder
Headquarters	Brussels, Belgium
Areas served	Worldwide
Key people	Martin Weissburg (President & CEO) Eberhard Wedekind (EVP) Carl Lockwood (SVP Strategy & Business Development) Bill Law (SVP Corporate Communications) Jean-Marc des Courieres (EVP Operations) Anders Larsson (SVP & CTO Jonas Jademyr (SVP Quality Development & Core Value Management)
Products	compactors demolition equipment dumpers excavators haulers loaders material transfer vehicles milling equipment motor graders pavers pipelayers road wideners tack distributors waste handlers
Brands	Volvo Terex Trucks SDLG (Lingong)
Services	Used Equipment Network Customer Support
Revenue	52.9 billion kr (2014) 53.4 billion kr (2013)
Operating income	1231 million kr (2014) 2592 million kr (2013)
Number of employees	14901 (2014)
Parent	Volvo
Website	volvoce.com
Footnotes / references [1] [2]

Volvo Construction Equipment - Volvo CE - (originally Munktells, Bolinder-Munktell, Volvo BM) (stylized as VOLVO) is a major international company that develops, manufactures and markets equipment for construction and related industries. It is a subsidiary and business area of the Volvo Group.

Volvo CE's products include a range of wheel loaders, hydraulic excavators, articulated haulers, motor graders, soil and asphalt compactors, pavers, backhoe loaders, skid steers and milling machines. Volvo CE has production facilities in USA, Brazil, Scotland, Sweden, France, Germany, Poland, India, China, Russia and Korea. Headquarters are located in Brussels, Belgium. The company also offers worldwide service and a range of aftermarket solutions in financing and used equipment. In December 2014, its number of employees is estimated at almost 15,000.

Volvo CE sells machines under three brands: Volvo, SDLG and Terex Trucks.

Three men laid the foundation for Volvo Construction Equipment: Johan Theofron Munktell and the brothers Jean Bolinder and Carl Gerhard Bolinder.

In 1832, Johan Theofron Munktell, then only 27, founds what became Volvo Construction Equipment in Eskilstuna, Sweden. In 1913, Munktell and his team produce Sweden's first tractor. Meanwhile, elsewhere in Sweden, other visionaries and entrepreneurs were making progress: brothers Jean and Carl Gerhard Bolinder of had been thriving since 1844 manufacturing steam engines and crude engine oil.

In 1932, exactly one-hundred years after Johan Theofron Munktell’s start in Eskilstuna, Bolinder moves to Eskilstuna and both companies merge under the name AB Bolinder-Munktell, creating a combined experience of 188 years of manufacturing and industrial know-how. In 1934, Bolinder Munktell produces the legendary BM 25 tractor.