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History

1959 - INCORPORATION

1959

INCORPORATION

Auto-Sueco Coimbra is founded, in Coimbra. Volvo Vehicle and Truck Dealer in 6 districts in Central Portugal.

1970 - PARTNERSHIP WITH VOLVO

1970

PARTNERSHIP WITH VOLVO

Volvo invites ASC to import and distribute Volvo Construction Equipment in Portugal.

1981 - OPENING OF NEW BRANCHES

1981

OPENING OF NEW BRANCHES

Opens facilities in Albergaria-a-Velha, Viseu and Castelo Branco.

1999 - 1st INTERNATIONALIZATION - SPAIN

1999

1st INTERNATIONALIZATION - SPAIN

Acquisition of Volmaquinaria Construction España SA (VMCE).

2001 - RENTAL OF MACHINERY AND EQUIPMENT

2001

RENTAL OF MACHINERY AND EQUIPMENT

Start of activity for the rental of machinery and equipment.

2003 - INVESTMENT IN MULTIBRAND AUTOMOTIVE BUSINESS

2003

INVESTMENT IN MULTIBRAND AUTOMOTIVE BUSINESS

Enters the Multibrand Automotive Business, bringing Volvo together with Land Rover, Jaguar and Mazda.

2004 - 2nd INTERNATIONALIZATION - USA

2004

2nd INTERNATIONALIZATION - USA

Acquisition of Volvo CE operations in five regions in the USA (North Carolina, Georgia, South Carolina, Alabama and Tennessee).


Incorporation of new company: ASC Construction Equipment USA, INC.

2009 - GROUP’S 50TH ANNIVERSARY

2009

GROUP’S 50TH ANNIVERSARY

2010 - 3rd INTERNATIONALIZATION - TURKEY AND DIVERSIFICATION OF BUSINESS - INFRASTRUCTURE EQUIPMENT

2010

3rd INTERNATIONALIZATION - TURKEY AND DIVERSIFICATION OF BUSINESS - INFRASTRUCTURE EQUIPMENT

Acquisition of Volvo Construction Equipment operations in Turkey. 

Acquisition of Air-Rail in Spain - infrastructure equipment (ports, airports and railways). 

Incorporation of Air-Rail Portugal - infrastructure equipment (ports, airports and railways).

2011 - REORGANIZATION OF THE GROUP AND CREATION OF A CORPORATE CENTER

2011

REORGANIZATION OF THE GROUP AND CREATION OF A CORPORATE CENTER

2012 - 4th INTERNATIONALIZATION - MEXICO AND REBRANDING

2012

4th INTERNATIONALIZATION - MEXICO AND REBRANDING

Restructuring. Incorporation of the Holding of the Group. Transformation into a Public Limited Liability Company. 


Change of the Group's name to Ascendum.


Begins Volvo construction equipment operations in Mexico.

2013 - 5th INTERNATIONALIZATION - CENTRAL EUROPE AND NORTH DAKOTA

2013

5th INTERNATIONALIZATION - CENTRAL EUROPE AND NORTH DAKOTA

Acquisition of Volvo Construction Equipment operations in Austria, Hungary, the Czech Republic, Slovakia, Romania, Croatia, Slovenia, Bosnia and Herzegovina, and Moldova. 

Acquisition of the distribution of Volvo Construction Equipment products in North Dakota, USA.

2014 - GROUP'S 55TH ANNIVERSARY

2014

GROUP'S 55TH ANNIVERSARY

April 1st symbolizes a journey of strength and growth. Becomes a multinational corporation, present on 4 continents, in 14 countries, with headquarters in Portugal, 1,350 employees and a turnover of around 680 million Euros.

2015 - CONTINUED RECOGNITION

2015

CONTINUED RECOGNITION

Ascendum’s increased recognition as an exemplary partner by Volvo and other stakeholders, both from a stand point of the pursuit of its objectives, and from a stand point of its fulfilment of its financial obligations.