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    Home » Isuzu completes $2bn UD Trucks acquisition from Volvo Group
    Construction Machinery

    Isuzu completes $2bn UD Trucks acquisition from Volvo Group

    Stephen WhiteBy Stephen WhiteApril 1, 2021No Comments1 Min Read
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    Isuzu Motors has completed the purchase of UD Trucks from the Volvo Group for an enterprise value of $2.1 billion.

    The transaction completes a deal which was first announced in 2019.

    The latest models of the Japanese brand are heavily influenced by Volvo Group technology and the two firms have launched a now operational commercial vehicles strategic alliance with the “aim to capture opportunities in the ongoing industry transformation.”

    The new organisation will operate a Joint Alliance Office, with facilities both in Japan and Sweden. It will remain operational for a minimum of 20 years and “is intended to address possibilities and challenges of the logistics industry of the future, maximising value and benefits for customers as well as for society.”

     

    acquisitions featurednews Isuzu ud trucks volvo group
    Stephen White

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