M&A Deal Summary

Volvo Acquires Renault Trucks

On April 26, 2000, Volvo acquired automotive company Renault Trucks from Renault for 1.5B USD

Acquisition Highlights
  • This is Volvo’s 1st transaction in the Automotive sector.
  • This is Volvo’s largest (disclosed) transaction.
  • This is Volvo’s 1st transaction in France.

M&A Deal Summary

Date 2000-04-26
Target Renault Trucks
Sector Automotive
Buyer(s) Volvo
Sellers(s) Renault
Deal Type Divestiture
Deal Value 1.5B USD

Target

Renault Trucks

Saint-Priest, France
website
Renault Trucks is a commercial truck and military vehicle manufacturer. The Company is based in Saint-Priest, France.

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Buyer(S) 1

Buyer

Volvo

Gothenburg, Sweden

website


Category Company
Founded 1915
Sector Manufacturing
Employees80,784
Revenue 338.4B SEK (2020)
DESCRIPTION

Volvo is a Swedish multinational manufacturing company. Volvo's principal activity is the production of trucks, buses, and construction equipment. Volvo also supplies marine and industrial drive systems. Volvo was incorporated in 1915 and is based in Gothenburg, Sweden.


DEAL STATS #
Overall 1 of 3
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 2
Country (France) 1 of 1
Year (2000) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-04 Volvo Car

Gothenburg, Sweden

Volvo Car Corp. is a Swedish automobile manufacturer. Volvo develops, manufactures, markets, sells, and services in cars.

Sell $6.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-25 Volvo - Material Handling Equipment Business

Shippensburg, Pennsylvania, United States

Volvo - Material Handling Equipment Business comprises machine to pick up, transport and handle a large variety of different objects or equipment. The material handling arm is used on construction sites for pipelaying etc. It has two telescopic sections with built-in mechanical stops to prevent overextension.

Sell -

Seller(S) 1

SELLER

Renault

Boulogne-Billancourt, France

website


Category Company
Founded 1898
Sector Automotive
Employees170,158
Revenue 46.4B EUR (2022)
DESCRIPTION
Renault dealership in Blumenau, Brazil.
Renault dealership in Blumenau, Brazil.

Renault is a French multinational manufacturer and distributor of autos. Renault was founded in 1898 and is based in Boulogne-Billancourt, France.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (France) 1 of 1
Year (2000) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-22 Renault Samsung Motors

Busan, South Korea

Renault Samsung Motors Co., Ltd. is a South Korean car manufacturer with operations in Busan, Seoul, and Giheung. Renault Samsung Motors Co., Ltd. was formed in 1994.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-10 Avtovaz

Togliatti, Russia

Avtovaz is a Russian automaker and maker of the LADA model. The company has manufacturing plants in Togliatti and Izhevsk with a combined production capacity of one million units per year. Avtovaz is a multi-brand manufacturer and builds Renault, Nissan, Datsun, and LADA cars.

Buy -