Scania: Scania intends to acquire its Portuguese distributor

Scania intends to acquire its Portuguese distributor Scania has reached an understanding with Cimpomóvel Veículos Pesados, S.A. to acquire the Portuguese distribution. "This transaction means that we are taking a step further in the value chain. It also opens the way for greater co-ordination with our distribution network elsewhere in Europe and thus greater synergies," says Hans-Christer Holgersson, Head of Sales and Services on Scania's Executive Board. During 2005, Cimpomóvel Veículos Pesados, S.A. reported sales of about SEK 600 million (EUR 63.4 m.). The company, which has been Scania distributor since 1972, has a nationwide sales and service network encompassing six wholly owned dealerships. The company has 250 employees. "It is a well-run, efficient company we are taking over. The current owners have professionally and successfully developed the Scania business in Portugal," Mr Holgersson says. Scania sells about 500 trucks per year in Portugal and today has a market share of 13 percent. "One important aim with this acquisition is to further improve the support to the Scania customers in Portugal, by meeting their need of a broad range of services - one stop shopping," Mr Holgersson says. For questions, please contact: - Hans-Åke Danielsson, Press Manager, tel. +46 8 553 856 62 - Stina Thorman, Head of Investor Relations, tel. +46 8 553 837 16 Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. A growing proportion of the company's operations consists of products and services in the financial and service sectors, assuring Scania customers of cost-effective transport solutions and maximum uptime. Employing 32,000 people, Scania operates in about 100 countries. Research and development activities are concentrated in Sweden, while production plants are located in Europe and South America, with facilities for the global exchange of both components and finished vehicles. In 2005, revenue totalled SEK 63.3 billion and net income amounted to SEK 4.7 billion. Scania's press releases are available on the Internet at www.scania.com. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://wpy.waymaker.net/client/waymaker1/f.aspx?id=357144&fn=wkr0001.pdf