The Armoured Recovery Vehicle (ARV) is designated the Bgbv and was developed by the now BAE Systems Hägglunds which previously developed the Bgbv 82 ARV.

The CV90 ARV is fitted with two ITAG hydraulic winches for recovery operations, a hydraulic crane and a front-mounted dozer blade to stabilise the vehicle during recovery or lifting operations. Armament comprises a cupola-mounted 7.62 mm MG.

Trials with the prototype, based on one of the original CV90 prototype vehicles, were completed in 1993. In June 1993 FMV placed a production order and first deliveries were made in mid-1995.