Company History
Volvo CE's roots date back to 1832, when Munktells Mekaniska Verkstad was founded in Eskilstuna — one of Sweden's oldest mechanical engineering companies. Through mergers with Bolinder-Munktell and integration into the Volvo Group, today's Volvo Construction Equipment was established, headquartered in Gothenburg.
Business Segments
Volvo CE offers excavators, wheel loaders, articulated haulers, compactors and compact machines. Articulated haulers are the company's flagship product — Volvo is the global market leader in this category. Additionally, Volvo CE manufactures road construction equipment under the SD brand.
Financial Figures
In fiscal year 2025, Volvo CE achieved revenue of 81.6 billion SEK (approximately 7.5 billion USD). The adjusted operating margin was 13.3% despite declining sales volumes. The division employs approximately 13,000 employees. Volvo CE is part of the publicly listed Volvo Group (NASDAQ Stockholm: VOLV-B).
Electrification
Volvo CE is an industry pioneer in electric construction equipment. As early as 2020, the company launched the ECR25 Electric and L25 Electric — the first series-produced electric compact machines in the industry. Since then, the product range has been expanded with additional electric models, including the EC230 Electric excavator for the mid-size segment.
Sustainability
The Volvo Group is committed to achieving net-zero emissions by 2040. Volvo CE advances this goal through electrification, alternative fuels, and circular economy initiatives such as the Reman program (remanufacturing of used components).