Volvo concluded the acquisition of Ingersoll Rand’s road development equipment division.

The division was consolidated into the Volvo Group May 1. The transaction was initially announced on Feb. 27.

Volvo has now received the necessary approvals from the relevant authorities and other permits required to conclude the acquisition in all countries except India, which is expected to follow shortly.

The Ingersoll Rand road development equipment division manufactures soil and asphalt compactors, asphalt pavers and milling machines as well as material handling equipment such as telescopic handlers and rough terrain forklifts.

The purchase consideration for the assets amounts to approximately $1.3 billion.

Ingersoll Rand’s road development division — with production facilities in the United States, Germany, India and China — is headquartered in Shippensburg, Pa., and has approximately 2,000 employees. Operations posted sales in 2006 of $864 million, with an operating profit of $101 million.

Today's top stories

Arkansas Connector Links XNA, Springdale Bypass

MassDOT to Advance West-East Rail Service By Building New Train Station in Palmer

PennDOT to Demolish 122-Year-Old Skinners Falls-Milanville Bridge Over Delaware River

Rebel Auction Holds Its In-Person, Online Feb. Sale in Hazlehurst, Ga.

Skanska Brings Engineering Muscle to Manage Bridge Jobs in Bay State

Volvo Construction Equipment Unveils New Lineup of Articulated Haulers

J.B. Poindexter and Co Celebrates 40th Year, Focus on Integration to Better Serve Customers

Purple Wave Auction Announces New District Sales Director