GÖTEBORG, Sweden--(Business Wire)--
The Volvo Group (STO:VOLVA)(STO:VOLVB) has no plans to acquire the French
company Nexter, a manufacturer of products for the defense industry. Information
reported in the Swedish media is absolutely untrue.
An article in Dagens Industri on February 7 described the possibility of the
Volvo Group merging or combining some of its operations with Nexter.
"The article is based on an interview with a person who is incorrectly named as
the President of the French company Panhard, which Volvo acquired in 2012," says
Mårten Wikforss, Executive Vice President Corporate Communication at Volvo. "The
person in question stepped down from the management of Panhard in November 2012
and he has since had consultancy assignments. He does not represent the Volvo
Group and the strategy described is very far from the truth."
In October 2012, the transaction between Renault Trucks Defense, part of the
Volvo Group`s Governmental sales business area, and the French vehicle
manufacturer Panhard was concluded. The company specializes in the manufacture
of light military vehicles. Renault Trucks Defense has delivered trucks and
other vehicles to the French defense industry for several decades.
For more stories from the Volvo Group, please visit
The Volvo Group is one of the world`s leading manufacturers of trucks, buses,
construction equipment and marine and industrial engines. The Group also
provides complete solutions for financing and service. The Volvo Group, which
employs about 115,000 people, has production facilities in 19 countries and
sells its products in more than 190 markets. In 2012 the Volvo Group`s sales
amounted to about SEK 304 billion. The Volvo Group is a publicly-held company
headquartered in Göteborg, Sweden. Volvo shares are listed on OMX Nordic
Exchange Stockholm. For more information, please visit www.volvogroup.com or
www.volvogroup.mobi if you are using your mobile phone.
This information was brought to you by Cision http://www.cisionwire.com
+46 31 66 12 32 or +46 739-02 55 44
Copyright Business Wire 2013