Scania Acquires Italian Importer

Scania acquires Italian importer Scania has acquired all the shares in Italscandia Autocarri SpA, distributor of Scania trucks on the Italian market. The acquisition is part of the company's strategy to reinforce and enhance its position on Europe's fifth largest market. Owing to its size and geographical location, Italy is a market of strategic importance. Italy is Scania's seventh-largest truck market. In 1998, a total of 17,000 heavy trucks were registered. Scania has a market share of about 13 per cent. Italscandia, with its headquarters in Trento in northern Italy, was founded in 1973. The company, including its wholly-owned dealers, employ about 200 people, and had a turnover of ITL 351,000 m. (approx. SEK 1,600 m.) in 1997. For further information, please contact Hans-Åke Danielsson, Communications and Public Affairs, phone +46 8 553 856 62, mobile +46 70 346 88 11. *** 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 profits after depreciation 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/1999/01/08/19990108BIT00380/bit0001.doc