Scania AB
From Wikipedia, the free encyclopedia
| Scania AB | |
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| Type | Public (OMX: SCV B) |
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| Founded | 1900 |
| Headquarters | Södertälje, Sweden |
| Key people | Chairman of the Supervisory Board: Bernd Pischetsrieder; President, CEO, and Director: Leif Östling; Group VP and CFO: Jan Ytterberg |
| Industry | Manufacturing |
| Products | Commercial vehicles, Diesel engines |
| Revenue |  € 8.5 billion (2005) |
| Employees | 28,500 (2005) |
| Website | www.scania.com |
Scania AB is a leading European manufacturer of heavy trucks (British English: lorries), buses, and diesel engines, based in Södertälje, Sweden.
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[edit] History
The company was founded in 1900 as Maskinfabriks AB Scania in the town of Malmö in southern Sweden. Scania is Latin for the province of Skåne. In 1911 Scania merged with another automobile and truck manufacturer, Vagnsfabriks Aktiebolaget i Södertälje (founded in 1891) (VABIS) of Södertälje in mid-east Sweden, to form AB Scania-Vabis. After the Second World War, Scania-Vabis imported Volkswagen cars, under the banner of "Svenska Volkswagen AB".
In 1969 Scania-Vabis merged with SAAB, to form Saab-Scania AB. At this time, the Volkswagen subsidiary was renamed "V.A.G. Sverige AB".
When the SAAB-SCANIA corporation was split in 1995 the name of the truck and bus division changed to Scania AB.
In 1999, Volvo attempted to buy Scania using some of the cash received from the Ford buyout of Volvo Cars, however the European Union blocked this as the merged corporation would have had a virtual monopoly on heavy trucks in northern Europe.
As of June 30, 2006, the largest shareholder in Scania AB was the German automaker Volkswagen AG, owning 18.7% of the capital and 34.0% of the voting stock.
Scania produces only heavy trucks (i.e. over 16 metric tonnes or Class 8 in the US) and heavy buses (over 12 tonnes), and is the world's third largest make in these two segments.
Scania exports its trucks and buses to over 70 countries. They are regarded as more high tech than others in their class. Scania places great emphasis on technology, fuel efficiency and low emission.
Scania-Vabis and later Scania also manufactured trucks outside Sweden, in Argentina, Botswana, Brazil, Korea, Tanzania, The Netherlands, Zimbabwe and (temporarily) in the USA.
Many examples of Scania, Vabis and Scania-Vabis commercial and military vehicles can be seen at the Marcus Wallenberg-hallen (the Scania Museum) in Södertälje.
[edit] Ownership
Scania was majority owned by the Wallenberg family, but over the years they have diversified their interests. The major stock holders today are:
- Volkswagen - Scania's biggest share holder, after buying shares from Volvo's aborted takeover, as well as Investor. Owns 34.32% of the voting rights and 18.7% of Scania's share capital. On March 6, 2007, this stake was increased to 20.03% of the capital and 35.31% voting rights.
- Investor AB - holds 19.3% of Scania's voting rights
- MAN AG - holds 14.54% of Scania's voting rights
[edit] Aborted Volvo takeover
On 7 August 1999, Volvo announced it had agreed to acquire a majority share in Scania. Volvo was to buy the 49.3% stake in Scania that was owned by Investor AB, Scania's main shareholder. The acquisition, for $7.5 billion (60.7 billion crowns), would have create the world's second-largest manufacturer of heavy trucks, behind DaimlerChrysler. The cash for the deal came from Volvo selling its car division to Ford in January 1999. [1]
The deal eventually failed, after Scania's board gained an agreement from Investor that better value could be gained from the two companies developing separately. Volvo subsequently sold its shares to Volkswagen and Investor sold a portion of its shares to Volkswagen, after pressure from both the EU and the Swedish government
[edit] Aborted MAN takeover
The German truckmaker MAN AG launched a €10.3bn hostile offer to acquire Scania AB. Scania's CEO Leif Östling was forced to apologise for comparing the bid of MAN to a "Blitzkrieg", but his defense against the offer was successful. Volkswagen, Investor and MAN are now engaged in talks aimed a solution for the future of Scania, but bitterness between the sides remains high and it is unclear if any deal will actually occur. MAN and Volkswagen have been cooperating before, resulting in a narrow MAN/VW 16 t truck challenging the Mercedes-Benz Unimog and the Terberg TS1000. MAN AG later dropped it's hostile offer, and the three parties are working to reach an agreement on cooperation and a possible merger.
[edit] Products
![Scania T113H. The production of the bonneted T-models ended in October 2005. This one is an earlier model. [1]](../../../upload/shared/thumb/0/01/Scania_113H.jpg/200px-Scania_113H.jpg)
[edit] Current
Buses
- F94HA/HB/IB
- K94EB/IB/UB
- K114EB/IB
- K124EB/IB
- L94IB/UA/UB
- N94UA/UB (N94UB was sold as OmniTown in UK)
- OmniDekka (N94UD) - Double-deck citybus
- OmniLine (IL94IB) - Intercity bus
- OmniLink (CL94UA/CL94UB) - Rear inclined-engined citybus
- OmniCity (CN94UA/CN94UB) - Transverse-engined citybus
- OmniCity (N94UD) - Transverse-engined double-deck citybus
- K-series - New bus and coach range with Euro 4 engines
- N-series - New bus range with Euro 4 engines
- OmniLink (CK-series) - Rear-engined citybus
Trucks/Special vehicles
- P-series
- R-series
[edit] Historical
Buses
- BF80 series
- BF110/CF110 series
- BR110/CR110 series
- BF111 series
- BR111/CR111 series (BR111DH was built as Metropolitan in UK)
- BR112/CR112 series
- BR85/CR85 series
- BR145/CR145 series
- BF86 series
- BR86 series
- BR116 series
- F82 series
- K82 series
- S82 series
- K92 series
- F112 series
- K112 series
- N112 series
- S112 series
- F93 series
- K93 series
- F113 series
- K113 series
- L113 series
- N113 series
- S113 series
Trucks/Special vehicles
- L series
- LB series
- 2-series 82, 92, 112, 142
- 3-series 93, 113, 143
- 4-series 94, 114, 124, 144, 164
- T-series - successor of 4-series T-models
[edit] See also
- Volkswagen - Scania's largest shareholder
- Investor AB - Scania's second largest shareholder
- Ainax - holding company created after an attempted acquisition of Scania by Volvo
- Saab AB - Former sister company of Scania
[edit] External links
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