Scania acquires importer company in Estonia
In line with its growth strategy in Estonia, Scania has signed an agreement to acquire AS Estoscan, the privately owned importer company in Estonia.
"We see a positive trend in the heavy truck and bus market in Estonia. The transition to market economy has been successful and this is having an impact on the transport sector," says Urban Erdtman, Senior Vice President Sales and Marketing Europe.
AS Estoscan with a head office in Tallinn has imported Scania vehicles to Estonia since 1992. Operations include sales and two workshops with a total of 34 employees, all of whom are offered employment in the new company.
"Scania's acquisition involves investments in the service network to reinforce the position on the market," says Mr Erdtman.
Last year, registrations of heavy trucks in Estonia totalled 149. With 57 trucks sold, Scania had a market share of 38%.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 SEK 33,700 million and profits after depreciation SEK 2,700 million. Scania products are marketed in about 100 countries worldwide and approximately 95% of total production is sold outside Sweden.