Scania Company Description
Swedish gear-jammer Scania is one of the world's largest heavy-truck and bus manufacturers, hauling in sales from more than 100 countries. The company focuses on trucks with gross weights of 16 tons or greater. Scania also makes buses for public transit and tourism, builds industrial and marine engines, and offers maintenance and financing services. It delivers more than 50,000 new trucks and 5,500 buses per year. Volkswagen currently controls about 38% of Scania, but it has received antitrust approval to up its voting stake to nearly 70% at the cost of some $4.4 billion. Once the deal is complete, Scania will remain a separate company located at its current headquarters.
View the Comprehensive Company Description for Scania
The Company Description provides a historical perspective of Scania's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Scania's evolution in the marketplace.
