HGV Ireland » MAN

Scania could launch bid for MAN

John Loughran — Wed, 09 Mar 2011 08:24:14 +0000

Swedish truck maker Scania could launch a bid for German truck maker MAN as soon as next month, according to reports circulating in the German media.

German newspapers are reporting that both truck makers are doing preparatory work ahead of a possible takeover.

Volkswagen has a 45.7 per cent stake in Scania and nearly 30 per cent equity in MAN, according to reports.

Scania and MAN investigating a possible combination

John Loughran — Wed, 17 Nov 2010 08:41:47 +0000

For some time Scania and MAN have investigated different projects in the industrial area, mainly related to the commercial vehicles, which would make it possible for the two companies to profit from synergies in research and development, manufacturing and sourcing.

This process has shown that a full realisation of potential synergies requires a closer cooperation by combining the two companies, while maintaining the unique brand values of the respective company.

At this stage no decision has been taken, as there are a number of outstanding issues of commercial and legal nature. A decision can be made only when these issues have been resolved.

Scania will not comment on the subject while the discussion is still ongoing. Further announcements will be made when appropriate.

Scania and MAN collaboration

John Loughran — Thu, 22 Jul 2010 23:08:19 +0000

Scania and MAN are poised to collaborate on component supply and pre-development.

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The companies are conducting feasibility studies regarding four strategic areas that are not brand-related. The studies cover the potential for:

* Scania to adapt its manual gearbox for use in MAN trucks

* Scania to use MAN’s rear axle for heavy applications (36-40 tonnes) and its transfer cases in Scania trucks

* Commodities without affecting brand identity

* Scania and MAN to pursue joint research on hybrid components for heavy trucks and buses

Detailed evaluations to determine the potential for cost savings will be carried out in the course of further talks.

Leif Östling, President and CEO of Scania, commented: “After a preliminary analysis, we have concluded that with this kind of joint component supply there are potential synergies without jeopardising our strong brand identities and the individuality of our products. Both companies and all shareholders should profit from the collaboration.”

A final collaboration agreement between Scania AB and MAN SE will be subject the approval of the Scania board of directors.