Volvo Construction Equipment signed an agreement with TE.CO, La Spezia, Italy, for the development of Volvo Rents rental centers in Italy. The agreement is effective immediately.
TE.CO created and operates the Italnolo rental franchise operation in Italy. There are 35 Italnolo stores throughout northern Italy.
“We are very excited with the partnership,” said Chris Rees, president of Volvo CE Region Europe. “TE.CO has established an impressive track record with the successful development of the Italnolo rental franchise. TE.CO will bring a great deal of competence and entrepreneurial flair in developing the Volvo Rents brand and offering in Italy.”
Edmondo Colliva, the president of TE.CO added, “Volvo is a very strong brand and we are looking forward to developing the Volvo Rents business in Italy.”
Principal Volvo products for the rental centers include the company’s comprehensive line of compact excavators and wheel loaders and backhoe loaders.
Volvo Rents also signed a franchise agreement for a new Volvo CE Rents equipment rental center in Columbus, Ohio.
KZB LLC, Columbus, entered into a Volvo CE Rents franchise agreement to own and operate Volvo CE Rents centers in a rapidly growing construction market. The new equipment rental center will open for business within the next few weeks. Volvo CE Rents began its equipment franchise initiative in 2001. The company now has 53 equipment rental centers open in North America and continues to expand its operations in Europe with rental centers in Portugal and Spain.
