In 1832, Johan Theofron Munktell, laid the company's foundations when he was commissioned, by the city Eskilstuna, Sweden, to found an engineering workshop to develop the local mechanical industry. He manufactured Sweden’s first locomotive. He was replaced by Jean Bolinder and his younger brother Carl Gherard, who then decided to start their own company and were responsible for Sweden’s first combustion engine in 1893. Eventually, both companies would merge under the name AB Bolinder-Munktell, which was later purchased by Volvo in 1950 and in 1954, The company's successful wheel loader history begins with one of the world's first wheel loader with attachment bracket, the H-10.
Today, Volvo Construction Equipment owns a tremendous range of over 150 pieces of equipment. They are produced on four continents and distributed in more than 200 countries through dealerships and rental outlets. The Volvo Construction Equipment range includes: wheel loaders, compact equipment, wheel mounted and crawler excavators, motor graders, and articulated haulers.