Regulatory News:
Volvo Group (STO:VOLVA)(STO:VOLVB) and Finnish defense group Patria have
signed a Memorandum of understanding regarding cooperation to offer the
Swedish Defense Materiel Administration (FMV) life-cycle support
services for maintenance and logistics.
Both the Volvo Group and Patria are already suppliers to the Swedish
Armed Forces. Within the framework of the Memorandum of understanding
the Volvo Group and Patria plan to establish a partnership to be able to
provide new and more cost-effective total solutions for service,
maintenance and logistics for the Armed Forces in Sweden.
The Volvo Group has been supplying vehicles to the Armed Forces in
Sweden for a long time and has a comprehensive and well-developed
network for maintenance and repairs throughout the country. In 2011, FMV
and the Volvo Group signed a framework agreement for technical systems
support.
Patria has an established subsidiary in Finland, Millog, which delivers
maintenance and technical support for all Land Forces materiel and
complete lifecycle support, under the auspices of a strategic
partnership with the Finnish Defense Forces.
“Through its experience of a comprehensive partnership with the Finnish
Defense Forces, Patria is a perfect partner for Volvo. Together, we can
develop the best solutions and offerings for the Swedish Armed Forces,”
says Håkan Karlsson, responsible for governmental sales on Volvo Group’s
Executive Team.
February 6, 2012
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The Volvo Group is one of the world’s leading manufacturers of trucks,
buses and construction equipment, drive systems for marine and
industrial applications and aerospace components. 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 their products in more than 180 markets. In 2011
annual sales of the Volvo Group amounted to about SEK 310 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
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AB Volvo (publ) is required to disclose the information provided herein
pursuant to the Securities Markets Act and/or the Financial Instruments
Trading Act. The information was submitted for publication at 10:00 a.m.
February 6, 2012
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