Volvo

Volvo Construction Equipment (Volvo CE) — Corporate History

Group Origins

The Volvo Group (AB Volvo) was founded in 1927 in Gothenburg, Sweden, by Assar Gabrielsson and Gustaf Larson, initially as an automobile and truck manufacturer. The name "Volvo" is Latin for "I roll."

Entry into Construction Equipment

Volvo began producing heavy-duty trucks and buses in the 1930s–40s, with early attachments and loaders developed for industrial use. In 1950, Volvo acquired Bolinder-Munktell (BM), a Swedish tractor and construction machinery maker founded in 1913—this became the foundation of today's Volvo Construction Equipment division.

Global Expansion & Acquisitions

Volvo CE expanded globally in the 1990s and made major acquisitions including VME Group (Michigan & Euclid brands, 1995) and Ingersoll Rand's road development division (2007), adding articulated haulers, motor graders, and paving equipment to its portfolio.

Today

Headquartered in Brussels, Belgium (part of the Volvo Group, Gothenburg HQ), Volvo Construction Equipment is one of the world's leading manufacturers of excavators, wheel loaders, articulated haulers, and road equipment. The Volvo Group is also a pioneer in sustainable transport, actively developing electric, hybrid, and autonomous construction machinery solutions.