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{{Infobox_Company | company_name = Scania AB|
company_logo = ] |
company_type = Public ({{OMX|SSE261|SCV B-->) |
company_slogan = |
foundation =
|
location = [Södertälje, [Sweden |
key_people = Chairman of the Supervisory Board: [Martin Winterkorn;Vice Chairman: Börje Ekholm;President, CEO, and Director: Leif Östling;Group VP and CFO: Jan Ytterberg |
num_employees = 32,820 () |
industry = [Manufacturing|
products = [Commercial vehicles, [Diesel engines |
revenue =
Euro 7.81 [1000000000 (number) ([) |
homepage = http://www.scania.com/ www.scania.com |
intl = yes
-->
Scania Aktiebolag is a leading European
manufacturer of heavy
trucks (
British English: lorries), buses, and
diesel engines, based in
Södertälje,
Sweden.
History
The company was founded in 1900 as
Maskinfabriks AB Scania in the town of
Malmö in southern Sweden. Scania is Latin for the province of
Skåne. In 1911 Scania merged with another automobile and truck manufacturer,
Vabis (founded in 1891) (VABIS) of
Södertälje in mid-east Sweden, to form AB
Scania-Vabis. After the Second World War, Scania-Vabis imported Volkswagen cars, under the banner of "Svenska Volkswagen AB".
In 1969 Scania-Vabis merged with
SAAB, to form
Saab-Scania AB. At this time, the Volkswagen subsidiary was renamed "V.A.G. Sverige AB".
When the SAAB-SCANIA corporation was split in 1995 the name of the truck and bus division changed to Scania AB.
In 1999,
Volvo attempted to buy Scania using some of the cash received from the Ford buyout of Volvo Cars, however the European Union blocked this as the merged corporation would have had a virtual monopoly on heavy trucks in northern Europe.
As of June 30, 2006, the largest
shareholder in Scania AB was the German automaker Volkswagen AG, owning 18.7% of the capital and 34.0% of the voting stock.
Scania produces only heavy trucks (i.e. over 16 metric tonnes or Class 8 in the US) and heavy buses (over 12 tonnes), and is the world's third largest
brand name in these two segments.
Scania exports its trucks and buses to over 70 countries. They are regarded as more high tech than others in their class. Scania places great emphasis on technology, fuel efficiency and low emission.
Scania-Vabis and later Scania also manufactured trucks outside Sweden, in
Argentina, Botswana,
Brazil, Korea, Tanzania,
The Netherlands, Zimbabwe and (temporarily) in the USA.
Many examples of Scania, Vabis and Scania-Vabis commercial and military vehicles can be seen at the Marcus Wallenberg-hallen (the Scania Museum) in Södertälje.
Ownership
Scania was majority owned by the Wallenberg family, but over the years they have diversified their interests. The major stock holders today are:
- Volkswagen - Scania's biggest share holder, after buying shares from Volvo's aborted takeover, as well as Investor. Owns 34.32% of the voting rights and 18.7% of Scania's share capital. On March 6, 2007, this stake was increased to 20.03% of the capital and 35.31% voting rights.
- Investor AB - holds 20% of Scania's voting rights
- MAN AG - holds 14.8% of Scania's voting rights
Aborted Volvo takeover
On 7 August
1999,
Volvo announced it had agreed to acquire a majority share in Scania. Volvo was to buy the 49.3% stake in Scania that was owned by Investor AB, Scania's main shareholder. The acquisition, for $7.5 billion (60.7 billion SEK), would have create the world's second-largest manufacturer of heavy trucks, behind DaimlerChrysler. The cash for the deal came from Volvo selling its car division to
Ford Motor Company in January
1999. http://www.dieselnet.com/news/1999/08volvo.php
The deal eventually failed, after Scania's board gained an agreement from Investor that better value could be gained from the two companies developing separately. Volvo subsequently sold its shares to
Volkswagen and Investor sold a portion of its shares to Volkswagen, after pressure from both the EU and the Swedish government
Aborted MAN takeover
The German truckmaker MAN AG launched a €10.3bn hostile offer to acquire Scania AB. Scania's CEO Leif Östling was forced to apologise for comparing the bid of MAN to a "Blitzkrieg", but his defense against the offer was successful. Volkswagen, Investor and MAN are now engaged in talks aimed a solution for the future of Scania, but bitterness between the sides remains high and it is unclear if any deal will actually occur. MAN and Volkswagen have cooperated before, resulting in a narrow MAN/VW 16 t truck challenging the
Mercedes-Benz Unimog and the
Terberg TS1000. more recently, Volkswagen have purchased a 29% stake in MAN, and Ferdinand Piech, VW Group's supervisory board Chairman, is expected to be elected to the supervisory board of MAN as well. MAN AG later dropped it's hostile offer, and the three parties are working to reach an agreement on cooperation and a possible merger.
Products
]
Current
Buses
Trucks/Special vehicles
Historical
Buses
- BF80 series
- BF110/CF110 series
- BR110/CR110 series
- BF111 series
- BR111/CR111 series (BR111DH was built as Scania Metropolitan in UK)
- BR112/CR112 series
- BR85/CR85 series
- BR145/CR145 series
- BF86 series
- BR86 series
- BR116 series
- F82 series
- K82 series
- S82 series
- Scania K92 series
- F112 series
- Scania K112 series
- Scania N112 series
- S112 series
- F93 series
- Scania K93 series
- F113 series
- Scania K113 series
- Scania L113 series
- Scania N113 series
- Scania S113 series
Trucks/Special vehicles
- Scania L
- Scania LB
- Scania 2-series 82, 92, 112, 142
- Scania 3-series 93, 113, 143
- Scania 4-series 94, 114, 124, 144, 164
- T-series - successor of 4-series T-models
See also
- Volkswagen - Scania's largest shareholder
- Investor AB - Scania's second largest shareholder
- Ainax - holding company created after an attempted acquisition of Scania by Volvo
- Saab AB - Former sister company of Scania
- Scania Torped - concept car
References
External links
- Scania corporate site
- Yahoo! - Scania AB Company Profile
- Scania Museum at Södertälje
{{Infobox_Company | company_name = Scania AB|
company_logo = ] |
company_type = Public ({{OMX|SSE261|SCV B-->) |
company_slogan = |
foundation = |
location = [Södertälje, [Sweden |
key_people = Chairman of the Supervisory Board: [Martin Winterkorn;Vice Chairman: Börje Ekholm;President, CEO, and Director: Leif Östling;Group VP and CFO: Jan Ytterberg |
num_employees = 32,820 (
) |
industry = [Manufacturing|
products = [Commercial vehicles, [Diesel engines |
revenue =
Euro 7.81 [1000000000 (number) ([) |
homepage =
http://www.scania.com/ www.scania.com |
intl = yes
-->
Scania Aktiebolag is a leading European manufacturer of heavy
trucks (
British English: lorries), buses, and diesel engines, based in
Södertälje, Sweden.
History
The company was founded in 1900 as
Maskinfabriks AB Scania in the town of Malmö in southern Sweden. Scania is Latin for the province of Skåne. In 1911 Scania merged with another automobile and truck manufacturer,
Vabis (founded in 1891) (VABIS) of
Södertälje in mid-east Sweden, to form AB
Scania-Vabis. After the Second World War, Scania-Vabis imported Volkswagen cars, under the banner of "Svenska Volkswagen AB".
In 1969 Scania-Vabis merged with
SAAB, to form Saab-Scania AB. At this time, the Volkswagen subsidiary was renamed "V.A.G. Sverige AB".
When the SAAB-SCANIA corporation was split in 1995 the name of the truck and bus division changed to Scania AB.
In 1999,
Volvo attempted to buy Scania using some of the cash received from the Ford buyout of
Volvo Cars, however the European Union blocked this as the merged corporation would have had a virtual monopoly on heavy trucks in northern Europe.
As of June 30, 2006, the largest shareholder in Scania AB was the German automaker Volkswagen AG, owning 18.7% of the capital and 34.0% of the voting stock.
Scania produces only heavy trucks (i.e. over 16 metric tonnes or Class 8 in the US) and heavy buses (over 12 tonnes), and is the world's third largest brand name in these two segments.
Scania exports its trucks and buses to over 70 countries. They are regarded as more high tech than others in their class. Scania places great emphasis on technology, fuel efficiency and low emission.
Scania-Vabis and later Scania also manufactured trucks outside Sweden, in Argentina,
Botswana,
Brazil, Korea,
Tanzania,
The Netherlands, Zimbabwe and (temporarily) in the USA.
Many examples of Scania, Vabis and Scania-Vabis commercial and military vehicles can be seen at the
Marcus Wallenberg-hallen (the Scania Museum) in Södertälje.
Ownership
Scania was majority owned by the
Wallenberg family, but over the years they have diversified their interests. The major stock holders today are:
- Volkswagen - Scania's biggest share holder, after buying shares from Volvo's aborted takeover, as well as Investor. Owns 34.32% of the voting rights and 18.7% of Scania's share capital. On March 6, 2007, this stake was increased to 20.03% of the capital and 35.31% voting rights.
- Investor AB - holds 20% of Scania's voting rights
- MAN AG - holds 14.8% of Scania's voting rights
Aborted Volvo takeover
On
7 August 1999,
Volvo announced it had agreed to acquire a majority share in Scania. Volvo was to buy the 49.3% stake in Scania that was owned by Investor AB, Scania's main shareholder. The acquisition, for $7.5 billion (60.7 billion SEK), would have create the world's second-largest manufacturer of heavy trucks, behind
DaimlerChrysler. The cash for the deal came from Volvo selling its car division to
Ford Motor Company in January 1999. http://www.dieselnet.com/news/1999/08volvo.php
The deal eventually failed, after Scania's board gained an agreement from Investor that better value could be gained from the two companies developing separately. Volvo subsequently sold its shares to
Volkswagen and Investor sold a portion of its shares to Volkswagen, after pressure from both the EU and the Swedish government
Aborted MAN takeover
The German truckmaker MAN AG launched a €10.3bn hostile offer to acquire Scania AB. Scania's CEO Leif Östling was forced to apologise for comparing the bid of MAN to a "Blitzkrieg", but his defense against the offer was successful. Volkswagen, Investor and MAN are now engaged in talks aimed a solution for the future of Scania, but bitterness between the sides remains high and it is unclear if any deal will actually occur. MAN and Volkswagen have cooperated before, resulting in a narrow MAN/VW 16 t truck challenging the
Mercedes-Benz Unimog and the
Terberg TS1000. more recently, Volkswagen have purchased a 29% stake in MAN, and Ferdinand Piech, VW Group's supervisory board Chairman, is expected to be elected to the supervisory board of MAN as well. MAN AG later dropped it's hostile offer, and the three parties are working to reach an agreement on cooperation and a possible merger.
Products
]
Current
Buses
- Scania F94
- Scania K94
- Scania K114
- Scania K124
- Scania L94
- Scania N94 (N94UB was sold as Scania OmniTown in UK)
- Scania OmniDekka (N94UD) - Double-deck citybus
- Scania OmniLine (IL94IB) - Intercity bus
- Scania OmniLink (CL94UA/CL94UB) - Rear inclined-engined citybus
- Scania OmniCity (CN94UA/CN94UB) - Transverse-engined citybus
- Scania OmniCity (N94UD) - Transverse-engined double-deck citybus
- Scania K-series - New bus and coach range with Euro 4 engines
- Scania N-series - New bus range with Euro 4 engines
- Scania OmniLink (CK-series) - Rear-engined citybus
- Scania OmniCity (CN-series) - Transverse-engined citybus
Trucks/Special vehicles
- Scania P-series
- Scania R-series
Historical
Buses
- BF80 series
- BF110/CF110 series
- BR110/CR110 series
- BF111 series
- BR111/CR111 series (BR111DH was built as Scania Metropolitan in UK)
- BR112/CR112 series
- BR85/CR85 series
- BR145/CR145 series
- BF86 series
- BR86 series
- BR116 series
- F82 series
- K82 series
- S82 series
- Scania K92 series
- F112 series
- Scania K112 series
- Scania N112 series
- S112 series
- F93 series
- Scania K93 series
- F113 series
- Scania K113 series
- Scania L113 series
- Scania N113 series
- Scania S113 series
Trucks/Special vehicles
See also
- Volkswagen - Scania's largest shareholder
- Investor AB - Scania's second largest shareholder
- Ainax - holding company created after an attempted acquisition of Scania by Volvo
- Saab AB - Former sister company of Scania
- Scania Torped - concept car
References
External links
- Scania corporate site
- Yahoo! - Scania AB Company Profile
- Scania Museum at Södertälje