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Cooperation between Scania and WM–data

Scania has reached an agreement in principle concerning long–term cooperation with WM–data in the field of IS/IT services. According to the terms of the agreement, WM–data acquires a 50–percent joint interest in Scania's wholly–owned subsidiary, Scania Data AB.

The company's board of directors will consist of three directors from each of the two parties to the agreement. Scania will appoint the chairman of the board, while WM–data will have operational responsibility for the company. Scania Data AB's current president, Anders Åström, will take up a new position within Scania's marketing organization.

Göran Löfgren, Executive Vice President of Scania and chairman of Scania Data: "Cooperation with WM–data will enable us to broaden our IS/IT competence more rapidly, thereby enhancing our cost efficiency and competitive edge. We also maintain control over our strategic systems."

Hans Mellström, chairman of WM–data: "This cooperation with Scania is a key element in WM–data's business development, providing us with a substantial injection of engineering industry know–how. It will also be highly stimulating to cooperate with one of the world's leading truck manufacturers”.

Anders Åström, president of Scania Data AB: "This cooperation with WM data is a correct and natural step to ensure that Scania and Scania Data will continue to be able to meet the demands imposed by future developments in IT."

Scania Data AB, with 200 employees, generates turnover in the region of SEK 300 million a year. Its customers are found within Scania's global organization.

WM-data is one of the leading computer services companies in the Nordic region. Turnover amounted to SEK 5,500 million in 1996, with approximately 4,000 employees.

The agreement will be submitted for approval by the Scania Board on November 7th.

Questions from the media will be answered by Lars Christiansson, Senior Vice President (070–590 50 80), and Hans Rubenstein, Press Manager (070–556 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 22,000 employees and production facilities in Europe and Latin America, Scania is one of the most profitable companies in its sector. In 1995, turnover totalled approx. SEK 34,800 million and profits after depreciation approx. SEK 4,800 million. Scania products are marketed in about 100 countries worldwide and approximately 95% of total production is sold outside Sweden.