Volvo Rents Launches Foreign and Domestic Franchises

Feb. 1, 2005
ASHEVILLE, N.C. Volvo Construction Equipment last month signed an agreement with TE.CO, La Spezia, Italy, for the development of Volvo Rents rental centers

ASHEVILLE, N.C. — Volvo Construction Equipment last month signed an agreement with TE.CO, La Spezia, Italy, for the development of Volvo Rents rental centers in Italy. The agreement was 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 franchise agreements for two new Volvo CE Rents equipment rental centers in Ohio and one in Minnesota.

KZB LLC, Columbus, Ohio, 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.

Pelger Equipment Rentals LLC entered into a Volvo CE Rents franchise agreement to own and operate Volvo CE Rents centers in Canton, Ohio. The new equipment rental center will be open for business within the next few weeks.

KD&D Inc., New Prague, Minn., has 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. This is the second Volvo CE Rents franchise operation for the Minnesota market; the first opened in Lino Lakes several months ago.

Volvo CE Rents equipment centers are independently owned and operated franchises within the Volvo Construction Equipment rental program. Principal Volvo products for its franchised rental centers include its full line of compact excavators and wheel loaders and the company's backhoe and skid-steer loaders.

Volvo CE Rents began its equipment rental franchise initiative in 2001. The company now has equipment rental centers open in 22 U.S. states and Canada. It is also expanding its operations in Europe with rental centers open in Portugal, Spain and Italy. The Asheville, N.C.-based company is No. 19 on the RER 100.