Announced
Financials
Tags
military vehicles
France
Defense
Pending
Acquisition
Cross Border
Majority
Private
Friendly
Single Bidder
Synopsis
John Cockerill, a mechanical engineering group, agreed to acquire Arquus, a military vehicles manufacturer, from Volvo Group, a Swedish multinational manufacturing corporation. Financial terms were not disclosed. Arquus manufactures and sells specially designed vehicles to defense forces and employs about 1.2k employees in France. In 2022, Arquus represented approximately 1 % of Volvo Group revenues.
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