AB Volvo bought out Clark Equipment Company and renamed VME Group to Volvo Construction Equipment.
The French compact machine manufacturer Pel-Job Group became part of the company.
BM was dropped from the Volvo BM brand name.
Champion Road Machinery Limited in Canada was acquired.
Samsung Heavy Equipment in Korea was acquired.
Name changed to Volvo Construction Equipment Korea Ltd.
Mecalac multipurpose machines and Euclid rigid haulers were divested.
Champion Road Machinery Limited changed name to Volvo Motor Graders Limited.
The rights to further develop and produce telescopic material handlers is purchased from the US company UpRight Inc.
Volvo Construction Equipment acquires the Scat Trak skidsteer loader business of Textron's subsidiary OmniQuip.
Volvo Construction Equipment acquires 70% in Shandong Lingong Construction Machinery Co., (Lingong).
Assets of Technologies Directes P. G. Inc., have been acquired by Volvo Construction Equipment in a move that will extend its forestry application product range.
Volvo Construction Equipment concluded the acquisition of US based Ingersoll Rand's road development equipment division.