The Ferronordic story
Ferronordic‘s history started in 2010, when the Group took over the construction equipment distribution business from Volvo Construction Equipment in Russia. At the time, we had six outlets and about 160 employees. Today Ferronordic has 41 workshops in Germany, the United States and Kazakhstan, and approximately 800 employees.
From the beginning, our business was built on the rich and diversified experience of our teams and their commitment to go the extra mile for our customers. We work for our customers, but we also work with them to come up with innovative solutions that challenge industry norms. This gives our work purpose and a strong sense of involvement in shaping the future of our industry.
Ferronordic expands to the USA by acquiring Rudd Equipment Company, Inc. (“Rudd”) for a total purchase price of USD 105m. In 2022, Rudd had revenue of USD 308m.
Ferronordic sells its Russian business, receiving SEK 1,090m (EUR 99m)
Ferronordic becomes distributor for Sandvik mobile crushers and screens in Germany and Kazakhstan
Ferronordic becomes distributor for Sandvik crushers and screens in Russia
Ferronordic becomes an official dealer of Volvo Trucks and Renault Trucks in parts of Germany
Ferronordic becomes dealer for Volvo Construction Equipment and Mecalac in Kazakhstan
Volvo Construction Equipment recognizes Ferronordic as EMEA Dealer of the Year
Rebuild Centre in Yekaterinburg opens
Ferronordic takes over the importation of Volvo Construction Equipment machines and parts in Russia
Ferronordic grows to more than 1000 employees
Largest contracting services project at the time is signed with Russian mining company GV Gold
Shares of Ferronordic AB (publ) are listed on Nasdaq Stockholm
Ferronordic becomes official dealer of Mecalac in Russia
Ferronordic becomes authorised supplier of Volvo Certified Rebuild
Dressta and Rottne brands are added to Ferronordic’s product portfolio in Russia
The market for construction equipment in Russia declines 83% but Ferronordic manages to expand margin, grows resilience and strengthens its business platform
Further expansion of network in Russia to 75 locations and over 700 employees
First Volvo and Renault Trucks workshop opens in east Moscow
Ferronordic is founded
Ferronordic becomes official dealer of Volvo Construction Equipment in Russia