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Abscania

Scania AB

Scania Aktiebolag . commonly referred to as Scania AB or Scania . is a major Swedish industry manufacturer of commercial — specifically heavy and buses. It also manufactures engines for motive power of vehicles, marine. and general applications.

History [ edit ]

AB (Scania is Latin for the province of came from a merger the two companies; Vabis and Scania.

and Scania [ edit ]

Vabis i Södertälje) was founded in 1891 as a of Södertälje based steel Surahammars Bruk. manufacturing carriages. [ 7 ] In 1902, engineer Erikson designed the company’s truck, powered by a petrol and two-speed gearbox. A year the first order was placed for a commercial vehicle. [ 7 ] By 1907, the had developed a 3-ton truck, though it won a Swedish Royal Club award in 1909, the new was a financial disaster for the company, to attract more than a of orders. [ 7 ]


Maskinfabriks-aktiebolaget Scania was in 1900 in Malmö in the south of and was in the beginning a manufacturer of bicycles, [ 7 ] but by the first cars left the Two years later, Scania their first truck. [ 6 ]

the financial problems at Vabis, the merged in 1911, [ 6 ] creating AB Engine and car production was moved to and truck production took in Malmö. [ 7 ]

First World War and 1920s [ ]

For the next few years the company’s stagnated, with around a of their orders coming abroad. [ 7 ] The outbreak of the First War, however, changed the with almost all output diverted to the Swedish Army. By Scania-Vabis was making enough to invest in redeveloping both of production facilities. [ 7 ]

Following the in 1919, Scania decided to completely on building trucks, other outputs including and buses. [ 7 ] However, they hurt by the swamping of the market decommissioned military vehicles the war, and by 1921 the company was [ 6 ]

After some economic in 1921, new capital came Stockholms Enskilda Bank by the Wallenberg family. and Scania-Vabis a solid and technically, high company.

Denmark

Towards the end of the company established a subsidiary in The following year the first car, a four-seater Phaeton. was at the company’s Frederiksberg factory in In 1914, the factory produced first Scania-Vabis truck, and this developed a V8 engine. one of the in the world. In 1921, having around 175 trucks, and 75 cars, the operation was closed down. [ 6 ]

1930s and 1940s [ edit ]

the Second World War Scania a variety of military vehicles for the Army, including Stridsvagn light tanks produced license. [ 6 ]

1950s and 1960s [ ]

During the 1950s, the company its operations into new customer becoming agents for the Willys and the Volkswagen Beetle. the latter very profitable for Scania-Vabis. It started to become a genuine to Volvo with their new truck which was introduced in [ 8 ]

During this period, was to expand its dealer network, and specialist workshop facilities. By the end of the their market-share in Sweden was 40 to 50%, and was achieving 70% in the heaviest sector — helped by the efforts of their dealers the haulier market. [ 8 ]

Probably largest impact was in export Before 1950, exports for only 10 percent of production but a decade later, exports now at 50% of output. Beers in the Netherlands a very important partner. became official importers for in the Netherlands, and established a dealer along with training for both mechanics and drivers. also offered free overhauls of their customers and offered a mobile service the Netherlands with their service trucks. Due to Beers efforts, Scania-Vabis market in the country remained at a consistent 20% this period. Scania-Vabis to adopt the business model of in their own overseas sales [ 8 ]

The 1960s saw Scania-Vabis expanding its operations into overseas Until now, all Scania-Vabis had been carried out solely at but the ’60s saw the need to expand overseas. Brazil was becoming a market for heavy trucks, and was dependent on inter-urban buses, particular requirement for Brazil’s roads which became impassable at times. [ 9 ] Scania-Vabis had already been assembled in by a local company called but Scania Vabis do Brasil, became an independent operation in 1960. [ 10 ] Scania-Vabis established its production plant outside by building a new facility at São Bernardo do in Brazil, which was completed in and this was to set the standard for Scania-Vabis operations. [ 9 ]

Closer to home, the formed European Economic (EEC) offered further Based on their now strong in the Dutch markets, Scania-Vabis a new plant in Zwolle. which was in 1964. [ 9 ] This new Dutch provided Scania-Vabis with a stone into the other EEC countries, particularly the German and markets. [ 9 ]

In 1966, Scania-Vabis ownership of a then valuable — Be-Ge Karosserifabrik. who based in Oskarshamn. Be-Ge had making truck cabs 1946, and had been supplying not only to Scania-Vabis, but also to Swedish competitors Volvo. It was practice for truck manufacturers to production of cabs to independent so their acquisition by Scania-Vabis a good move. [ 9 ] Be-Ge Bror Göthe Persson had established an additional cab factory at [ 9 ]

Scania-Vabis continued their of production facilities through In 1967, they acquired based coachwork company Karosseri Verkstäderna. and created a new Scania-Bussar. A year later, all bus along with RD was moved to [ 9 ] Further production locations added at Sibbhult and Falun. and employee numbers rose, at Södertälje, which was to help the town’s population. [ 9 ]

Saab-Scania AB [ edit ]

In 1969, Scania-VABIS with SAAB. and formed AB. When Saab-Scania was split in the name of the truck and bus division simply to Scania AB . One year Scania AB was introduced on the stock which resulted in a minor of name to Scania AB (publ) .

Abscania

examples of Scania, Vabis and commercial and military vehicles can be at the Marcus Wallenberg-hallen (the Museum) in Södertälje.

Ownership [ ]

Aborted Volvo takeover [ ]

On 7 August 1999, Volvo it had agreed to acquire a majority in Scania. Volvo was to buy the 49.3% in Scania that was owned by AB. Scania’s then main The acquisition, for $ 7.5 billion (60.7 SEK ), would have created the second-largest manufacturer of heavy behind DaimlerChrysler. The cash for the came from Volvo its car division to Ford Motor in January 1999, but the deal had yet to be by the European Union. [ 11 ]

The deal eventually failed, the European Union had disapproved of the saying it would create a with almost 100% share [ 12 ] in the Nordic markets. [ needed ]

Aborted MAN takeover [ ]

In September 2006, the German MAN AG launched a € 10.3bn hostile to acquire Scania AB. Scania’s CEO Östling was forced to apologise for the bid of MAN to a Blitzkrieg . MAN AG later dropped its offer, but in January 2008, MAN their voting rights in up to 17%.

Scania ownership [ edit ]

The two major stockholders of AB (publ) are:

The German company Volkswagen AG is Scania’s shareholder, with a 70.94% stake (equity) in Scania. [ 13 ] It this by first buying stake in 2000, after the aborted takeover attempt, it to 36.4% in the first quarter [ 14 ] and then buying the remainder Investor AB in March 2008. [ 15 ] The was approved by regulatory bodies in 2008. [ 12 ] Scania then the ninth marque in the Volkswagen [ 16 ]

The German truck manufacturer MAN SE a 17.37% voting stake in [ 13 ] Notably, Volkswagen AG [ 12 ] also 75.03% of MAN. [ 17 ]

Scania AB has a total issue of 400 million shares’ and 400 million ‘B with a total capitalised of SEK 72,880 million. [ 13 ] In terms of rights, one ‘A share’ is for one vote, whereas 10 ‘B are required for one vote. [ 18 ]

As of 29 January [ref]. these shares, as by Swedish Central Securities and Clearing Organisation (Euroclear ), are to 119,973 owners, and the table details the top ten shareholders. [ 13 ]

Scania AB principal shareholders [ 13 ]

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