The History of Scania

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Description

Volkswagen Aktiengesellschaft paved the way for the strategic restructuring and expansion of its truck business in April 2000 when it acquired 18.7 percent of the shares and 34 percent of the voting rights in Scania AB. The two companies were linked by a long-standing partnership. Scania had been Volkswagen’s main importer in Sweden since 1948. And that was not the only consideration favouring a tie-up with the internationally renowned brand. Scania was one of the top truck manufacturers in Europe, and was regarded as the most profitable brand in the industry. Innovative, and a leader in the development of economical, low-emission engines, the company’s product range included heavy trucks of 16 tonnes capacity and more, buses and coaches, as well as ship engines and industrial motors.