• TRATON creates Group-wide captive and integrated financial services business unit as of April 1, 2022
  • Scania CFO Johan Haeggman to serve as head of unit, reporting to TRATON GROUP CEO, Christian Levin
  • TRATON Financial Services will offer comprehensive customer financing services to meet demand of new technologies and business models

Munich, January 31, 2022 - The TRATON GROUP is establishing a captive and integrated financial services business unit, making substantial progress on a promise made at the time of its IPO.

Customers are increasingly demanding more complete and advanced services and a true partnership approach in business, as technologies and business models evolve in the ecosystem of transportation and logistics. A very important part of that are the kinds of advanced financing services that come into play as customers switch to, for example, electric vehicles or transport-as-a-service models.

The TRATON GROUP is strongly positioned to support its brands and their customers with such financing solutions, since it has a deep understanding of future customer requirements with regards to hardware, software, and services. With its expanded financing business, TRATON will create tailor-made and advanced financing solutions to customers, bundling complete service offerings.

Offering captive financial services will be a key asset in the future business model landscape. Establishing a global footprint also makes it possible to build scale and critical mass in financing and consequently be able to offer advanced and complete financial services for all TRATON brands' customers.

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Traton SE published this content on 31 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2022 09:08:01 UTC.