Scania, MAN merger talks heat up

STOCKHOLM, Sweden — Volkswagen AG is poised to make good on longstanding rumors that it will attempt to merge its commercial truck brand Scania AB with Germany’s MAN.

If that happens, Volkswagen would control what would effectively be Europe’s largest truckmaker, overtaking both Daimler and Volvo Trucks in terms of market share.

According to the Wall Street Journal via Der Spiegel, Volkswagen is looking at a scenario in which Scania would serve as the platform for taking over MAN, which it also has minority stake in.

Under the plan, Volkswagen would reportedly likely raise its 45.7 percent stake in Scania and then transfer its nearly 30 percent equity in MAN to the Swedish truckmaker, at whoch point it could bid to takeover MAN entirely.

In statements yesterday, Scania and MAN said that, whatever the outcome, both companies would maintain their respective brands.

Based on year-to-date sales, Scania and MAN would combined have a nearly 29 percent of Europe’s heavy truck and bus market, followed by Daimler at 21.4 percent and Volvo’s 22.6 percent.

Daimler, which operates Freightliner and Western Star in North America, would remain the world’s largest OEM, however.

MAN and Scania in recent years have increased efforts to become more vertically integrated in purchasing and components sharing.  


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