26.05.2013

Volvo Rents for sale?

Reports suggest that Volvo is considering selling its construction equipment rental business.

Financial information publisher Bloomberg has said that at least two people involved with the process have confirmed that the company is considering options and that it believes that it might fetch between $1 billion and $1.5 billion.

The company operates from 130 locations and runs a wide variety of equipment including aerial lifts and telehandlers. It has been acquisitive over the past few years, so any plans to sell would represent a significant change of strategy. Volvo has declined to comment on the reports.