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Volvo AB (0HTP)

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Monday 06 December, 2004

Volvo AB

Volvo Construction Equipment sells LB Smith Tal...

Volvo Construction Equipment sells LB Smith Tallahassee (Florida) Dealership to

Volvo Construction Equipment (Volvo CE) has sold its LB Smith dealership
operation in Tallahassee, Florida, to Flagler Construction Equipment LLC
(Flagler), Maitland, Florida, USA.

The appointment of Flagler as Volvo CE's authorized dealer in Tallahassee is
effective December 3, 2004.

Flagler became a Volvo CE dealer in April of 2004 with its acquisition of the LB
Smith dealership territory of Florida that included branch facilities in
Orlando, Ft. Myers, Jacksonville, Ft. Lauderdale, and Tampa.

Volvo CE purchased the assets associated with the Volvo construction equipment
business of LB Smith, Inc., its distributor for a majority of the East Coast of
the United States, in May 2003.  Volvo CE continued the operations of the former
dealer at all existing service and sales locations under the name LB Smith while
negotiating the sale and divestment of its territories.  The initial sale of
Florida market areas was the first divestment by Volvo CE of the LB Smith
equipment distribution territories.

December 6, 2004

For further information, please contact

Beatrice Cardon - Volvo Construction Equipment
Phone: +322 482 5021 - Fax: +322 675 1777
[email protected]

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.                                                                                                                               

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