Volvo Construction Equipment Completes Acquisition of Swecon
Volvo Construction Equipment today announces the completion of its acquisition of Swecon from Lantmännen, following regulatory approval by the European Commission. The transaction was finalized on January 31, 2026.
As announced in June 2025, Volvo CE had reached an agreement with Lantmännen to acquire Swecon, with operations in Sweden, Germany, Estonia, Latvia and Lithuania – as well as Entrack. The acquisition has now been successfully completed, which means that from now on Swecon is fully part of Volvo CE.
The acquisition includes Swecon’s full business scope including sales of products and services, rental operations, aftermarket services and support, offices, workshop facilities and approximately 1,400 employees. Volvo CE sees this as a strategic move to further invest in and strengthen its retail operations in key markets making retail core for Volvo CE in Europe.
“We are excited to welcoming all employees from Swecon to Volvo and we believe that together, we will be stronger and better equipped to continue to enhance the support to our customers in their transition towards more sustainable and productive solutions,” says Melker Jernberg, “head” of Volvo CE.
“By joining forces, Swecon combines its market expertise with Volvo CE’s innovation power, while customers continue to receive the same trusted support, services, and points of contact - now strengthened to help them succeed today and tomorrow,” said Tomas Börjesson, Head of Swecon.
Tomas Kuta appointed new head of Swecon
Tomas Kuta has been appointed as the new head of Swecon, succeeding Tomas Börjesson, who has decided to retire. Kuta brings a wealth of experience from within Volvo CE, most recently as head of Volvo CE
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.