Isuzu completes $2bn UD Trucks acquisition from Volvo Group ...United Arab Emirates

Isuzu Motors has completed the purchase of UD Trucks from the Volvo Group for an enterprise value of $2.1 billion. The transaction completes a deal which was first announced in 2019. The latest models of the Japanese brand are heavily influenced by Volvo Group technology and the two firms have launched a now operational commercial vehicles strategic alliance with the “aim to capture opportunities in the ongoing industry transformation.” The new organisation will operate a Joint Alliance Office, with facilities both in Japan and Sweden. It will remain operational for a minimum of 20 years and “is intended to address possibilities and challenges of the logistics industry of the future, maximis

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Last updated : 01 April 2021 clock 10:31 AM

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Isuzu completes $2bn UD Trucks acquisition from Volvo Group ...United Arab Emirates

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