JCB and Volvo Construction Equipment Sign Framework Agreement on Skid Steer & Compact Tracked Loaders

JCB and Volvo Construction Equipment Sign Framework Agreement on Skid Steer &
Compact Tracked Loaders

JCB and Volvo Construction Equipment have entered into a framework agreement
under which they will cooperate on the engineering and manufacturing of skid
steer loader and compact tracked loader products for distribution under their
respective brands and through their respective global dealer networks.

It is envisaged that the first mono boom Volvo branded machines will be in
production at JCB's Savannah, Georgia facility by year end 2010. Volvo
Construction Equipment will then transition skid steer loader models over time
from its Pederneiras facility in Brazil.

John Patterson, Deputy Chairman of JCB, comments: “This agreement will allow us
to combine forces in this key product area enabling both brands to compete more
effectively.” 

Olof Persson, Volvo Construction Equipment President, comments: “Volvo customers
will benefit from a wider range of models that maintain the high level of
product safety and functionality that they expect.” 

February 1, 2010

For further information, please visit: www.volvoce.com/press
Or contact:

Klas Magnusson
Senior Vice President, Corporate Communications & Investor Relations 
Volvo Construction Equipment						                          
Tel: int +32 475 576214
Email: klas.magnusson@volvo.com 


Bill Law 					
Director, External Communications		
Volvo Construction Equipment						                          
Tel: int + 32 478 92 43 26
Email: bill.law@volvo.com 
		
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Volvo Construction Equipment is a major international company developing,
manufacturing and marketing equipment for construction and related industries.
Its products, leaders in many world markets, include a comprehensive range of
wheel loaders, hydraulic excavators, articulated haulers, motor graders and
compact equipment. Volvo Construction Equipment is part of the Volvo Group, one
of the world's leading manufacturers of trucks, buses and construction
equipment, drive systems for marine and industrial applications, aerospace
components and services. The Group also provides complete solutions for
financing and service.