VOLVO CE has set up a dedicated business unit for its range of compact equipment machines and solutions, as part of its ambition to lead the transformation journey through electrification and sustainable power.
The manufacturer hopes to drive growth and profitability in this ‘growing’ product segment.
Volvo said the compact equipment now represents 50% of the total market, compared to 35% a decade ago, with this trend likely to continue.
Thomas Bitter, Volvo CE’s head of technology, will take on the role as head of the compact business unit from September 2023. He said, “Our pioneering work in electrification and digitalisation has positioned us as an innovator in compact equipment. And now because of compact equipment’s ever-growing influence on the market, we are focusing our attention on our compact machine portfolio to provide customers with productive and sustainable products and services.
“The people who join us in this journey will not only develop specialised skills in this important area but be playing an integral role in our wider purpose of building the world we want to live in.”
