Scania launches corporate venture capital fund

Scania launches Scania Growth Capital for investments in high-growth companies with strategic relevance to its ecosystem in the transport- and automotive industries.

Henrik Henriksson, Scania’s President and CEO, says: “Through Scania Growth Capital, Scania is looking to invest in promising, innovative and entrepreneurial companies. Gaining insight and early access to business models, technology and ideas that can change the environment in which we are active will further strengthen us in the future.”

Scania Growth Capital will be exclusively operated and advised by an external investment team with extensive experience from venture and growth capital business as well as from the automotive industry.

Scania is already active in several partnerships that drive the shift towards sustainable transport systems, both with customers, academia and other tech-companies. This initiative reaches a segment of complementing companies, giving Scania an opportunity to tap into early development and innovation that is industry-relevant, but outside its own core operations. It also provides a platform where Scania can contribute with a large ecosystem, as well as broad and deep industry knowledge, which will add great value to the portfolio companies.

Venture capital veteran Lars-Olof Gustavsson has been appointed chairman of Scania Growth Capital and also acts as chairman of the external investment company. “In the ongoing technology shifts, it will be essential to select and collaborate with the companies and initiatives with the greatest potential to support Scania’s continued development and growth,” says Gustavsson. “I am looking forward to working with Scania Growth Capital in attracting the most strategic and promising companies to partner with Scania.”

Scania Growth Capital will evaluate investment proposals broadly. They may include, but are not limited to, companies with products, solutions or services in digitalisation, autonomous vehicles, connectivity, hybridisation, renewable fuels and smart factory. For more information on investment criteria please see scania.com/group/en/investment-criteria

For further information, please contact:

Karin Hallstan, Public Relations Manager Scania, phone + 46 76 842 8104,
email karin.hallstan@scania.com

Daniel Wedberg, Senior Vice President, Head of Corporate Management and Venture Business, and Managing Director Scania Growth Capital, email daniel.wedberg@scania.com

For investment related inquiries, please contact the investment team directly via the webpage www.scania.com/scaniagrowthcapital.

Scania is a part of Volkswagen Truck & Bus GmbH and one of the world’s leading manufacturers of trucks and buses for heavy transport applications. Scania is also leading provider of industrial and marine engines. Service-related products account for a growing proportion of the company’s operations, assuring Scania customers of cost-effective transport solutions and maximum uptime. Scania also offers financial services. Employing some 44,000 people, the company operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2015, net sales totalled SEK 95 billion and net income amounted to SEK 6.8 billion. Scania press releases are available on www.scania.com  

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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 2016, we delivered 73,100 trucks, 8,300 buses as well as 7,800 industrial and marine engines to our customers. Net sales totalled nearlySEK 104 billion, of which about 20 percent were services-related. Founded in 1891, Scania now operates in more than 100 countries and employs some 46,000 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 ofVolkswagen Truck & Bus GmbH. For more information visit www.scania.com.