Scania (company)
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Formerly called
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AB Scania-Vabis |
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| Aktiebolag | |
| Industry | Automotive |
| Founded | 1911 (Vabis in 1891) |
| Headquarters | Södertälje, Sweden |
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Number of locations
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10 |
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Area served
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Worldwide |
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Key people
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| Products | |
| Services | Financial services |
| Revenue |
 SEK 97.792 billion (2015)
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SEK 9.641 billion (2015)
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| Profit |
SEK 6.753 billion (2015)
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| Total assets |
SEK 141.265 billion (2015)
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| Total equity |
 SEK 37.837 billion (2015)
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Number of employees
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44,409 (2015)
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| Parent | Volkswagen Group |
| Website | scania |
Scania AB, formerly AB Scania-Vabis, is a major Swedish automotive industry manufacturer of commercial vehicles – specifically heavy trucks and buses. It also manufactures diesel engines for motive power of heavy vehicles, marine, and general industrial applications.
Founded in 1891 in Södertälje as Vabis, and in 1900 as Maskinfabriks-aktiebolaget Scania in Malmö in the Swedish province of Skåne, merging in 1911, the company's head office has been in Södertälje since 1912. Today, Scania has production facilities in Sweden, France, Netherlands, India, Argentina, Brazil, Poland, and Russia. In addition, there are assembly plants in ten countries in Africa, Asia and Europe. Scania's sales and service organisation and finance companies are worldwide. In 2012, the company employed approximately 42,100 people around the world. Scania was listed on the stock exchange from 1996 to 2014.
Scania's logo shows a Griffin, from the coat of arms of the province of Scania (Swedish: Skåne).
AB Scania-Vabis was established in 1911 as the result of a merger between Södertälje-based Vabis and Malmö-based Maskinfabriks-aktiebolaget Scania. Vabis (Vagnfabriks Aktiebolaget i Södertelge) was established as a railway car manufacturer in 1891, while Maskinfabriks-aktiebolaget Scania was established as a bicycle manufacturer in 1900. Both companies had tried their luck at building automobiles, trucks and engines, but with varied success. In 1910, Maskinfabriks-aktiebolaget Scania had succeeded in constructing reliable vehicles, while Vabis was at the brink of closing down. An offer from Per Alfred Nordeman, managing director of Maskinfabriks-aktiebolaget Scania, to steel manufacturer Surahammars Bruk, owner of Vabis, led to an agreement in November 1910, and in 1911 the merger was a reality.
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Wikipedia