Volkswagen Purchases Scania Remaining Shares Force Truck Market


According to foreign media reports, Volkswagen plans to invest 6.7 billion euros (equivalent to 54.94 billion yuan) to acquire the remaining shares of Scania. Volkswagen has increased its competitiveness in the truck market by completely acquiring Scania.

Currently, Volkswagen already owns most of Scania's shares and is the largest shareholder of the Swedish truck company. Volkswagen plans to acquire Scania's remaining shares at $30.6 per share, which is higher than 36% of the share price at the close of the stock on Friday. At present, the development potential of the truck market is widely optimistic. Volkswagen hopes to acquire the Scania company through a complete acquisition of the company's excellent technology, deep truck processing experience, and Volkswagen's MAN brand truck and its own commercial vehicle brand. Achieve good integration to enhance performance in the truck market.

For Volkswagen’s acquisition, some minority shareholders holding Scania’s shares objected, and they hoped to be able to be verified by third-party regulators that Volkswagen and its MAN brand truck companies agreed to the acquisition. However, many authoritative automotive market analysis agencies praised the acquisition of Volkswagen. Frank Schopp, an authoritative analyst from Germany, said that the acquisition of Volkswagen will clear its development in the truck industry. Helps to develop this market better.

In 2013, Scania's share price has risen by 7.4% in the past 12 months, and its market value has hit a record high in recent years. Volkswagen recognized the value of Scania's company and decided to start the acquisition. VW’s acquisition plan has yet to be approved by the Swedish legal agency. Martin Wendorn, CEO of Volkswagen, said that Scania is a truck company with a long history and it has a very important position in the truck market. We hope that with the support of Volkswagen, we can enter a higher level of development. Volkswagen will give it a good development environment after fully owning Scania. In addition to preparing to acquire Scania, Volkswagen has recently approached Anders Lenker, who is responsible for the Daimler truck project, and hopes that he can replace 68-year-old Reeve Osterling in charge of the public. Truck business.

Volkswagen currently holds a 62.6% stake in Scania, which began acquiring the company's shares in 2000 and became the company's largest shareholder in 2008. Volkswagen currently owns MAN trucks completely, but it does not have a good advantage in competition with Daimler Trucks and Volvo Trucks. After acquiring Scania, Volkswagen will be able to better The two companies compete. When asked about this acquisition, Scania’s CEO thinks this will be a win-win move. This acquisition will effectively enhance the strength of the two companies in the truck market. Both companies’ R&D efficiency and manufacturing Levels will be improved.

The current development momentum of Volkswagen is very good. Thanks to the good performance of luxury brands such as Audi and Porsche, Volkswagen’s revenue level in 2013 increased by 1.5% over 2012, and pre-tax income reached 11.7 billion euros (equivalent to RMB 959.4). Billion). Volkswagen's Skoda, Bentley and other companies expressed their optimism for their respective development momentum in 2014. Scania’s revenue level in 2013 was 2% higher than that in 2012 and it has continued to rise in 2014.



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