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Ferronordic intends to expand to Germany as dealer for Volvo Trucks and Renault Trucks

Ferronordic intends to enter into an agreement with Volvo Group Trucks Germany concerning the appointment of Ferronordic as dealer for Volvo Trucks and Renault Trucks in parts of Germany. Simultaneously, Ferronordic would acquire the operations at nine of Volvo’s sites in Germany. The purchase price is expected to be approx. SEK 250m*, financed with a loan from Nordea Bank. During 2016-2018, the relevant operations generated an annual average revenue of approx. SEK 1,3bn*, compared to Ferronordic’s revenue during the twelve months preceding 30 June 2019 of approx. SEK 3.6 bn. If the

Source: Ferronordic intends to expand to Germany as dealer for Volvo Trucks and Renault Trucks

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