Executives at truck and engine producer MAN are preparing for a possible counter-bid from Scania to take over MAN, according to the German newspaper Handelsblatt.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Should Scania make an offer, the company has a ‘Plan B’ in place, the newspaper said. No details of the plan were given.
Scania’s largest shareholder, Volkswagen, was reported by Reuters, citing an unofficial source, as wanting to retain a significant influence on Scania in the event of a merger of the two companies.
Volkswagen on Monday rejected MAN’s offer to take over Scania, saying it did not reflect its industrial interests.
Reuters also quoted a senior Scania executive as saying that Scania could successfully go it alone. Hass Johansson, head of R&D at the Swedish company, said that it has the knowledge and resources to meet technical challenges and achieve profitable growth.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataSimilarly a Scania spokeswoman told the German news agency dpa-AFX that Scania sees big opportunities for future growth in eastern Europe and Asia, and from alternative fuels, particularly ethanol.
