Potential Partnership For MAN And Scania

Companies could combine to become leading truck business in Europe.

MAN, the German industrial conglomerate, announced Wednesday that it is interested in making a bid for Scania, the Swedish truck maker. If combined, the companies would become Europeโ€™s leading truck business.

Scania announced Tuesday that it has โ€œreasonable grounds to assume that MAN will make a bid for the company.โ€

Scania is a manufacturer of trucks and buses for heavy transport applications, as well as industrial and marine engines. It employs 30,000 people in about 100 countries. In 2005, its revenue was $8.7 billion and its net income was $645 million.

MAN is a manufacturer of vehicles, engines and engineering equipment. It employs about 50,000 people worldwide with annual sales of $16.5 billion.

An additional statement by MAN is expected next week.

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