The Netherlands has sold Estonia nearly four dozen CV90 armored infantry fighting vehicles it is retiring because of military downsizing.

The deal for 44 of the vehicles, made by BAE Systems Hagglunds AB in Sweden, is worth more than $123.9 million and was finalized earlier this week.

The contract also includes two bridge-layer vehicles, two recovery and two combat engineer tank variants of the Leopard 1 tank.

Training, documentation, tools and spare parts are also part of the agreement.

"The infantry combat vehicles will take Estonia's fighting power to a new level," said Estonian Minister of Defense Sven Mikser. "It is one of the three main priorities of the national defense development plan alongside self-propelled artillery and the recently completed procurement of the Javelin anti-tank missile systems."

The CV90 first entered service in 1993 with Sweden and can carry eight soldiers in addition to its crew.

Delivery of the vehicles will begin in 2016 and be completed in 2018.

The two governments said Dutch military personnel will train Estonian Defense Forces on use of the vehicles starting next year.