John Cockerill completed the acquisition of Arquus from Volvo Group for €300m.

John Cockerill, a mechanical engineering group, completed the acquisition of Arquus, a military vehicles manufacturer, from Volvo Group, a Swedish multinational manufacturing corporation, for €300m. 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.