Year of Scania 112
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Scania AB is a global manufacturer of heavy trucks (British English: lorries), buses, and diesel engines, with its head office in Södertälje, Sweden. Scania has production facilities in Europe and Latin America. 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 total the company employ 35 000 people around the world.
Scania AB (Scania is Latin for the providence of Skåne) came from a merge between the two companies; VABIS and Scania. VABIS (Vagnsfabriksaktiebolaget i Södertälje) was founded in 1891 in Södertälje, 35kilometres (22mi) south of Stockholm, and manufactured wheels and train carts. Maskinaktiebolaget Scania was founded in 1900 in Malmö in the south of Sweden and was in the beginning a manufacturer of bicycles but soon also of cars and trucks. The merge in 1911 gave the company the name Scania-Vabis. The new company concentrated on manufacturing cars, trucks and buses.
After some economic difficulties in 1921, new capital came from Stockholms Enskilda Bank owned by the Wallenberg family and Scania-VABIS became a solid and technically, high standing, company.
In 1969, Scania-VABIS merged with SAAB, and formed Saab-Scania AB. When Saab-Scania was split in 1995, the name of the truck and bus division changed simply to Scania AB. One year later was Scania AB introduced on the stock exchange.
Many examples of Scania, Vabis and Scania-Vabis commercial and military vehicles can be seen at the Marcus Wallenberg-hallen (the Scania Museum) in Södertälje.
The two major stockholders of Scania are:
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