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Bolinder-Munktell (BM) was a tractor and machines manufacturer founded in Eskilstuna, Sweden in 1932 through the merger of the mechanical companies Bolinder and Munktell. In 1950 BM was bought by AB Volvo. In 1973 the company changed its name to Volvo BM AB and then in 1995 to Volvo Construction Equipment AB.

From the 1950s on new products in the construction equipment and forestry machinery categories emerged. These were initially based on their tractor chassis. Soon the construction equipment become the dominant product range and remain so today. Products developed in the 1960s and still in production are wheel loaders and articulated haulers. In 1950 Volvo bought the firm out, and sold the tractor division to Valmet in 1985.