Volvo to Consider Selling North American Rental Business

May 24, 2013

Volvo AB is considering the sale of Volvo Rents, its North American construction equipment rental business, according to two anonymous individuals familiar with the matter, reported by Bloomberg.

One individual said the division may be worth $1 billion to $1.5 billion and that there has not been a final decision regarding the sale.

A spokesperson for Volvo declined to comment.

Read more