Divestiture • Machinery

LGMG Acquires Shandong Lingong Construction Machinery

On September 1, 2025, LGMG acquired machinery company Shandong Lingong Construction Machinery from Volvo Construction Equipment for 8.0B SEK

Acquisition Context
  • This is LGMG’s 1st transaction in the Machinery sector.
  • This is LGMG’s 0th largest (disclosed) transaction.
  • This is LGMG’s 1st transaction in China.

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M&A Deal Summary

Date September 1, 2025
Target Shandong Lingong Construction Machinery
Sector Machinery
Buyer(s) LGMG
Sellers(s) Volvo Construction Equipment
Deal Type Divestiture
Deal Value 8.0B SEK

Target Company

Shandong Lingong Construction Machinery

Linyi, China
Shandong Lingong Construction Machinery (SDLG) is a manufacturer of wheel loader, excavator, road machinery its core components, and memes to the construction machinery industry. Shandong Lingong Construction Machinery was formed in 1972 and is based in Linyi, China.
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Buyer Overview 1

Buyer

LGMG

Shandong, China

Category Company
Sector Machinery
DESCRIPTION

LGMG is a MEWP manufacturer that offers a full range of scissor lifts and rough terrain scissor lifts along with articulated and telescopic boom lifts. LGMG is based in Shandong, China.


Deal Context for Buyer #
Overall 1 of 1
Sector: Machinery 1 of 1
Type: Divestiture 1 of 1
Country: China 1 of 1
Year: 2025 1 of 1

Seller Profile 1

SELLER

Volvo Construction Equipment

Sweden

Category Company
Sector Machinery
DESCRIPTION

Volvo Construction Equipment is a manufacturer of machinery. The Company's product range includes wheeled and crawler excavators (diggers), articulated haulers (dumpers, dump trucks), scraper haulers, wheel loaders, pipelayers, demolition equipment, waste handlers, motor graders, pavers, compactors, milling equipment, tack distributors, road wideners, material transfer vehicles and a range of compact equipment such as mini loaders, mini excavators, backhoe loaders and skidsteer loaders.


Deal Context for Seller #
Overall 1 of 1
Sector: Machinery 1 of 1
Type: Divestiture 1 of 1
Country: China 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-24 Swecon

Eskilstuna, Sweden

Swecon is a supplier of state-of-the-art construction machinery in Europe. The company offers a wide range of flexible solutions and services that make life with its machines as effortless and enjoyable as possible. Swecon is based in Eskilstuna, Sweden.

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