FERRONORDIC
LeaveRussia detail: Exit Completed
Ferronordic is a service and sales company in the area of construction equipment and trucks. Our network of more than 100 workshops in Russia, CIS and Germany means that we are there where our customers need us.
Decision trail
Decision date 23/12/2022 · Reference ↗
Reduced operations due to sanctions, Ferronordic and Volvo CE have agreed to terminate the dealer agreement for Russia, continues to service and repair the existing fleet of Volvo CE machines in Russia, evaluating strategic options, including a potential divestment or downsizing the operations; Ferronordic and Sandvik terminated their dealer agreements for Russia. Ferronordic on 23 December 2022, sold its main Russian subsidiaries Ferronordic Machines LLC, Ferronordic Torgoviy Dom LLC, Ferronordic Torgovaja Kompanija LLC and Ferronordic Arkhangelsk LLC. The buyer is part of the GILK group, a Russian leasing company.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — exited · Imported from KSE LeaveRussia
Exposure profile
Full exposure profile is a Professional feature
Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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