Corporate acquisitions and divestments

At the end of the first quarter total assets and liabilities held for sale amount to SEK 134 M (136) and SEK 134 M (135) respectively. In connection with the reclassification, cost of SEK 54 M (-) has affected the operating income in the segment Group functions and other. Depending on the progress with the sale process, the fair value of assets held for sale may change in the forthcoming periods or when the transactions are finalized.

During the first quarter Volvo Aero acquired the minorities’ share, 22 %, of Volvo Aero Norge and hence became the sole owner of the company. The transaction has only a marginal effect on the Volvo Group’s result and financial position. During the first quarter Volvo has expanded the ownership in construction equipment rental operations through acquisitions of assets and liabilities. These have not had a significant impact on the Volvo Group. Volvo has not made any other acquisitions or divestments that have had a significant impact on the Volvo Group.

Acquisitions after the end of the period
Volvo has not made any acquisitions after the end of the first quarter that have had a significant impact on the Volvo Group.