临工集团收购山东临工正式完成交割

Core Viewpoint - Linyi Lingong Machinery Group Co., Ltd. has completed the acquisition of 70% equity in Shandong Lingong Engineering Machinery Co., Ltd. from Volvo Construction Equipment, gaining full ownership of Shandong Lingong [1] Cooperation History - Volvo signed an agreement in 2006 and officially acquired 70% of Shandong Lingong in 2007, marking 19 years of cooperation [3][4] Post-Transaction Landscape - Lingong Group will fully control Shandong Lingong, including ownership and management rights. The acquisition was approved by the State Administration for Market Regulation on July 17, 2025 [6] Transaction Reasons - Both parties view the transaction as a result of "friendly negotiations" and believe it will benefit their long-term development [9] Perspectives from Volvo - Strategic Focus: Volvo aims to refocus on new technology transformation and enhance customer interaction after the sale [12] - Financial Impact: The sold Shandong Lingong business accounts for about 2% of Volvo Group's revenue, having a minimal impact on overall income [13] - Global Adjustments: Volvo is also making strategic adjustments globally, including acquiring Swecon to enhance sales and service capabilities in Europe [13] Perspectives from Lingong Group - Internationalization and Autonomy: Lingong Group states that the acquisition is necessary for accelerating international development and enhancing global market layout [12] - Transformation of Cooperation Results: Lingong Group acknowledges the successful 19-year partnership with Volvo, indicating readiness for independent development [12] Future Development Plans - Lingong Group plans to accelerate product innovation and industrial upgrading, deepen global market layout, and enhance brand competitiveness and industry influence [15]