called vme group type public industry heavy equipment predecessors eskilstuna mekaniska verkstad munktells mekaniska verkstads aktiebolag ab bolinder munktell volvo bm founded 1832 1832 in eskilstuna sweden founders johan theofron munktell jean johan gerhard bolinder carl gerhard bolinder headquarters brussels belgium areas served worldwide key people martin weissburg president & ceo eberhard wedekind evp carl lockwood svp strategy & business development bill law svp corporate communications jean marc des courieres evp operations anders larsson svp & cto jonas jademyr svp quality development & core value management products compactors demolition equipment dumpers excavators haulers loaders material transfer vehicles milling equipment motor graders pavers pipelayers road wideners tack distributors waste handlers brands volvo terex trucks sdlg lingong services used equipment network customer support revenue 52.9 billion kr 2014 53.4 billion kr 2013 operating income 1231 million kr 2014 2592 million kr 2013 number of employees 14901 2014 parent volvo website volvoce.com footnotes references 1 2 volvo construction equipment volvo ce originally munktells bolinder munktell volvo bm stylized as volvo is a major international company that develops manufactures and markets equipment for construction and related industries . it is a subsidiary and business area of the volvo group . contents 1 overview 2 history 3 see also 4 references 5 external links overview edit a heavily modified volvo is used to launch large balloon payloads at esrange in northern sweden . volvo ce s products include a range of wheel loaders hydraulic excavators articulated haulers motor graders soil and asphalt compactors pavers backhoe loaders skid steers and milling machines . volvo ce has production facilities in usa brazil scotland sweden france germany poland india china russia and korea . headquarters are located in brussels belgium . the company also offers worldwide service and a range of aftermarket solutions in financing and used equipment . in december 2014 its number of employees is estimated at almost 15 000 . volvo ce sells machines under three brands volvo sdlg and terex trucks . history edit volvo bm tractor volvo a25d three men laid the foundation for volvo construction equipment johan theofron munktell and the brothers jean bolinder and carl gerhard bolinder . 1 in 1832 johan theofron munktell then only 27 founds what became volvo construction equipment in eskilstuna sweden . in 1913 munktell and his team produce sweden s first tractor . meanwhile elsewhere in sweden other visionaries and entrepreneurs were making progress brothers jean and carl gerhard bolinder of stockholm had been thriving since 1844 manufacturing steam engines and crude engine oil . in 1932 exactly one hundred years after johan theofron munktell s start in eskilstuna bolinder moves to eskilstuna and both companies merge under the name ab bolinder munktell creating a combined experience of 188 years of manufacturing and industrial know how . in 1934 bolinder munktell produces the legendary bm 25 tractor . in 1950 volvo buys the machine manufacturer bolinder munktell bm . four years later in 1954 the company produces its first wheel loader h10 ; the world s first to feature a parallel lift arm system and attachment bracket establishing volvo as one of the leading construction companies in the world . they built on the success 12 years later with the world s first articulated hauler the legendary gravel charlie in 1966 . in 1973 the company name changes to volvo bm ab in order to strengthen the volvo identity . in 1985 volvo bm allies itself with the american manufacturer clark equipment and its subsidiary euclid . the product name clark michigan was abbreviated to michigan and the three brand names volvo bm michigan and euclid were incorporated in the new company vme group . in 1995 vme becomes a fully owned volvo company and changes name to volvo construction equipment . in 1998 volvo ce became the first foreign company ever to invest in korea . the acquisition of samsung heavy industries construction equipment division strengthened its product offerings and presence in asia . in january 2007 volvo purchases 70 % of shandong lingong construction machinery co. ltd. in april of the same year volvo also finalizes acquisition of the american company ingersoll rand s division for road construction machines . in 2011 volvo ce wins red dot design award for its l220g wheel loader . the next year in 2012 volvo wins the red dot best of the best award for its a40f articulated hauler . the same year in 2012 volvo ce became the world s first construction equipment company to join the world wide fund for nature s climate savers program committing itself to the most ambitious carbon reduction agenda ever undertaken within the industry . see also edit heavy equipment bolinder munktell references edit looking back moving forward pdf . retrieved 5 october 2015 . external links edit volvo construction equipment authority control worldcat identities viaf 133103671 retrieved from https en.wikipedia.org w index.php title volvo construction equipment & oldid 744217733 categories construction equipment manufacturersengineering vehiclesvolvo groupcompanies established in 1832truck manufacturerstractor manufacturersvolvo trucksvolvo vehiclesdiesel engine manufacturershidden categories pages using infobox company with unsupported parameterswikipedia articles with viaf identifiers navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages deutschfran ais nederlands norsk nynorsk svenska edit links this page was last modified on 13 october 2016 at 21 05 . text is available under the creative commons attribution sharealike license ; 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