Scania sells Laxå plant

Scania sells Laxå plant Scania has now sold its Laxå plant, whose products include special cabs for fire tenders. The facility has been acquired by a new company, Laxå Special Vehicles AB, which has been formed by the former top management team, and will take over the workforce, premises and production equipment. The operation will continue with Scania as the main customer. The Laxå plant has been in Scania's ownership since 1992. The main product line is special cabs, such as the CrewCab, which is used mainly on fire tenders. The plant also reconditions service exchange components for Scania and for Saab service exchange engines. "Our CrewCabs have been received very positively and we have increased our market shares for the special vehicles in question. Compared with Scania's other operations, however, this is a niche product manufactured in relatively low volumes. The Laxå unit is staffed by an enterprising local management which can continue to run it very efficiently," says Kaj Holmelius, Senior Vice President, Research and Truck Development at Scania. Former plant manager Lars Forsberg is MD of Laxå Special Vehicles AB. The other partners in the new company are Production Manager Anders Gruffman and Chief Design Engineer Håkan Larsson. For further information, please contact: * Ulf Söderström, Corporate Communications, Scania tel. +46 8 55381044, mobile +46 70 6809595 * Lars Forsberg, Laxå Special Vehicles AB Tel. +46 584 10820, mobile +46 70 5365173 Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. With 23,800 employees and production facilities in Europe and Latin America, Scania is one of the most profitable companies in its sector. In 1997, turnover totalled SEK 39,700 million and income after financial items SEK 2,800 million. Scania products are marketed in about 100 countries worldwide and approximately 95% of total production is sold outside Sweden. Scania press releases are available on the Internet, www.scania.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/01/05/19990105BIT00100/bit0001.doc http://www.bit.se/bitonline/1999/01/05/19990105BIT00100/bit0002.pdf

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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.

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