Scania Board statement

Scania Board statement AB Volvo announced earlier today that it has agreed to purchase Investor AB's entire shareholding in Scania. As a consequence, Volvo will make an offer to acquire the whole of the issued share capital of Scania, not already owned by it. The provisional reaction of Scania's board is that the value of the offer ap- pears fair; however, the terms of Volvo's offer will have to be reviewed in detail before a formal recommendation will be issued to shareholders. For further information contact: Scania Anders Scharp, Chairman +46 8 55 38 1000 Leif Östling, President and CEO +46 8 55 38 1000 Kaj Lindgren, Group Vice President +46 8 55 38 1000 Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. With 23,600 employees and production facilities in Europe and Latin America, Scania is one of the most profitable companies in its sector. In 1998, turnover totalled SEK 45,300 million and income after financial items SEK 3,200 million. Scania products are marketed in about 100 countries worldwide and approximately 96 percent of total production is sold outside Sweden. Scania press releases are available on the Internet, ------------------------------------------------------------ Please visit for further information The following files are available for download:

About Us

Scania is a world-leading provider of transport solutions. Together with our partners and customers we are driving the shift towards a sustainable transport system. In 2017, we delivered 82,500 trucks, 8,300 buses as well as 8,500 industrial and marine engines to our customers. Net sales totalled nearly SEK 120 billion, of which about 20 percent were services-related. Founded in 1891, Scania now operates in more than 100 countries and employs some 49,300 people. Research and development are concentrated in Sweden, with branches in Brazil and India. Production takes place in Europe, Latin America and Asia, with regional production centres in Africa, Asia and Eurasia. Scania is part of TRATON AG. For more information visit:


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