Scania (company)
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| Scania AB | |
|---|---|
 |
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| Type | Public (OMX: SCV B) |
| Founded | 1900 |
| Headquarters | Södertälje, Sweden |
| Key people | Martin Winterkorn, Chairman of the Supervisory Board; Börje Ekholm, Vice Chairman; Leif Östling, President, CEO, and Director; Jan Ytterberg, Group VP and CFO |
| Industry | Manufacturing |
| Products | Commercial vehicles, Diesel engines |
| Revenue | SEK 84,486 million (2007)[1] |
| Profit | ▲ SEK 8,554 million (2007)[1] |
| Employees | 35,100 (2007)[1] |
| Parent | Volkswagen Group |
| Website | Scania.com |
Scania AB is a European manufacturer of heavy trucks (British English: lorries), buses, and diesel engines, based in Södertälje, Sweden. It became the ninth brand in the Volkswagen Group, after Volkswagen raised its voting stake in the company to a controlling 68.6% in March 2008.
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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 also 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 Saab-Scania was split in 1995, the name of the truck and bus division changed simply to Scania AB. In 1999, Volvo attempted to buy Scania using some of the cash received from the Ford buyout of Volvo Cars, but the acquisition was eventually withdrawn.
Currently the largest shareholder in Scania AB is the Volkswagen Group, with 37.73% of the capital and 68.60% of the voting shares, making Volkswagen the controlling shareholder, and Scania a subsidiary of Volkswagen.[2]
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. It exports its trucks and buses to over 70 countries. Scania places great emphasis on technology, fuel efficiency and low emissions.
Scania, and, previously, Scania-Vabis, have also manufactured trucks outside Sweden, in Argentina, Botswana, Brazil, Korea, Tanzania, The Netherlands, Zimbabwe and 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
The two major stockholders of Scania are:
- Volkswagen Group is Scania's biggest shareholder, with a 68.6% voting stake in Scania. It gained this by first buying Volvo's stake in 2000, after the latter's aborted takeover attempt, increasing it to 36.4% in 2007, and then buying the remainder from Investor AB in March 2008.[3]
- MAN AG holds a 17.01% voting stake in Scania. Notably Volkswagen also owns a 29.9% voting stake in MAN, acquired in 2007.[4]
[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 SEK), would have created 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.[5]
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.
[edit] Aborted MAN takeover
In September 2006, 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". MAN AG later dropped its hostile offer, but in January 2008 MAN increased their voting rights in Scania up to 17%.
[edit] Products
[edit] Current
- Buses
- 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
- OmniCity (CN-series) - Transverse-engined citybus
- OmniExpress (EK-series) - intercity coach
- Trucks/Special vehicles
- P-series - Typical applications are regional and local distribution, construction, and various specialised operations associated with locally-based transportation and services. P-series trucks have the new P cabs, which are available in three variations: a single-berth sleeper, a spacious day cab and a short cab.
- G-series - The G-series models offer an enlarged range of options for operators engaged in national long haul and virtually all types of construction applications. All models have a G cab and each is available as a tractor or rigid. The G-series truck comes with five cab variants: three sleepers, a day cab and a short cab. There are different axle configurations and in most cases a choice of chassis height and suspension.
- R-series - The R-series model range offers various trucks optimised for long haulage. All models have a Scania R cab and each vehicle is available as a tractor or rigid. There are different axle configurations and a choice of chassis height and suspension.
[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
- 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
- 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] Gallery
 Scania L80 Truck 1968 |
 Scania LS110 Truck 1970 |
 Scania LS110 Truck 1973 |
 Scania LB110 Truck |
 Scania LB140 Truck |
 Scania T113H. The production of the bonneted T-models ended in October 2005. This one is an earlier model. [1] |
 Scania CR85 |
 An Alexander-bodied Scania L113 in Singapore |
 A K113CRB coach with a Van Hool Alizée HE-II body, with New Enterprise Coaches |
[edit] References
- ^ a b c Annual Report 2007. Scania. Retrieved on 2008-04-14.
- ^ Scania.com - VW increases holding
- ^ VW CEO hints there will be no merger of Scania and MAN. Thomson Financial. Retrieved on 2008-03-21.
- ^ January-March 2007 Interim Report (PDF). Volkswagen. Retrieved on 2008-03-21.
- ^ Volvo buys Scania (7 August 1999). DieselNet. Retrieved on 2008-03-21.
[edit] See also
- Category:Scania AB
- Ainax - holding company created after an attempted acquisition of Scania by Volvo
- Scania Torped - concept car
[edit] External links
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