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Traton Group

Company

German manufacturer of heavy trucks and buses, a division of Volkswagen AG.

Owners:
Volkswagen Group

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+ Traton Group

By May 2021, Traton is one of the world's leading manufacturers of trucks, thanks to its brands Scania, MAN, Volkswagen Caminhões e Ônibus and RIO. Its range includes cars, trucks and buses, Traton has 29 production and assembly sites in 17 countries.

History

2021: Purchase of all MAN SE shares

In early May 2021, Traton (Volkswagen subsidiary) announced the repurchase of all non-owned shares of truck manufacturer MAN SE at a price of 70.68 euros apiece. At the time of the announcement of this deal, MAN SE is almost owned by Traton, since the share of the German automaker in the company is 94.36%. More details here.

2020: Purchase of a stake in a startup TuSimple for the development of unmanned trucks

In September 2020, the Traton Group acquired a minority stake in the startup TuSimple, which specializes in technologies for autonomous cars. According to a Traton press release, the companies will develop unmanned trucks.