MAN Sees Trucking Alliance With Scania, VW

German truck maker MAN AG expects a merger with Swedish truck maker Scania AB and the trucks business of German carmaker Volkswagen AG will happen after VW took control of the Swedish competitor, Bloomberg reported Tuesday.

Anton Weinmann, the head of MAN’s truck unit said an alliance between the two and possibly Volkswagen, is likely to happen, Bloomberg reported.

Volkswagen earlier this month took control of Scania, buying a large stake in the Swedish truck company for about $4.4 billion, clearing the way for a merger with MAN that would create the European truck market leader.

MAN made a failed $16 billion id for Scania in September 2006. Volkswagen, which was already the largest shareholder in Scania, turned down the offer, bought a 29.9% stake in MAN and began negotiations toward a merger.

By Transport Topics