PRESSRELEASE | All press releases
21 February 1997 12:00 CET
Scania acquires Swiss importer
Scania has signed an agreement on acquistion of the privately-owned Scania importer in Switzerland, Truck AG. The acquisition is expected to be finalised by 31 May. The current owners of Truck AG expressed an interest in selling the importership to Scania before handing over to a new generation of owners, which fits the Scania strategy of direct involvment in important European markets.
Truck AG has been Switzerland's Scania importer since 1957, operating from its head office in Kloten outside Zurich. Its operations cover 4 branches and 3 wholly-owned dealerships, in addition to 10 independent dealerships. In 1996, the company had a turnover of just over 700 million SEK, with a payroll of 225 employees. All the staff are being offered continued employment in the new company.
2,479 heavy trucks were registered in Switzerland last year. Scania had a market share of 17.4 per cent, with 431 registrations.
For further information, please contact:
Scania Corporate Communications and Public Affairs
+46 70 556 07 97
Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. With 22,200 employees and production facilities in Europe and Latin America, Scania is one of the most profitable companies in its sector. In 1996, turnover totalled approx. SEK 33,700 million and profits after depreciation approx. SEK 2,700 million. Scania products are marketed in about 100 countries worldwide and approximately 95% of total production is sold outside Sweden.
Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. A growing proportion of the company’s operations consists of products and services in the financial and service sectors, assuring Scania customers of cost-effective transport solutions and maximum uptime. Employing 35,000 people, Scania operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2007, invoiced sales totalled SEK 84.5 billion and net income amounted to SEK 8.6 billion. Scania press releases are available at www.scania.com