Volkswagen AG takes 90% ownership of Scania

Scania announces Volkswagen AG has taken 90% ownership of its shares, providing a clearn and long-term ownership structure.

Volkswagen AG has announced that its offer to Scania’s shareholders has been accepted to the extent that Volkswagen will hold more than 90% of the shares in Scania. In view of this, Scania's President and CEO Martin Lundstedt makes the following comments:

“Volkswagen has been our main owner since 2000 and has consistently given strong support to Scania’s strategies, business model and investments. Following the clarification of the ownership structure, Scania and its management team welcomes the opportunity to accelerate our cooperation projects with Volkswagen and MAN without restrictions and thereby create a successful, global commercial vehicle alliance with strong identities for each brand.”

“With the new opportunities to use the common resources and competencies in the Volkswagen Group, our ability to deliver profitable and sustainable solutions to our customers will be improved further. This will also support our growth strategy up to 2020.

“At Scania we will continue to develop our position as a center of excellence for commercial vehicles, services and solutions going forward.

“I am also convinced that all of our employees will benefit from becoming full members of the Volkswagen family.”