Volkswagen Financial Services AG acquires MAN Finance International GmbH

Posted on 06. Jan, 2014 by in Volkswagen Canada

Volkswagen Financial Services AG has acquired MAN Finance International GmbH, headquartered in Munich, effective Jan 1, 2014. The squeeze enables Europe’s largest automotive financial services provider to enhance a business to embody financing, leasing, and let activities for MAN Truck Bus. It aims to strengthen financial use activities in this area and quite boost sales targets by this.

“Truck and train activities will turn a core business during Volkswagen Financial Services,” says Frank Witter, Chairman of a Board of Management of Volkswagen Financial Services AG. “In holding over a financial use activities of MAN SE, we are flourishing serve with a Group’s brands. Our medium-term aim is to position MAN financial services as a benchmark for a lorry and train business,” adds Frank Witter.

“Bundling a infrastructure, resources, and expertise of Volkswagen Financial Services AG and MAN Finance International GmbH allows both sides to advantage and enables a growth of end-to-end travel solutions for a business of MAN Truck Bus and in other markets too. MAN Finance stays a solitary sales upholder for MAN Truck Bus AG,” explains Dr. Georg Pachta-Reyhofen, Chief Executive Officer of MAN SE.

Volkswagen Financial Services AG is a unconditionally owned auxiliary of Volkswagen AG and headquartered in Braunschweig, Germany. It is obliged for coordinating a tellurian financial use activities of a Volkswagen Group. Volkswagen Financial Services AG has 9,147 employees worldwide – 5,136 of whom work in Germany. Total resources on Jun 30, 2013, reached roughly €88 billion and a series of contracts around 8.3 million.

MAN Finance International GmbH’s services operation from leasing and sinecure squeeze by credit solutions for a trucks and buses of MAN Truck Bus. It is a arguable partner for a customers, assisting them to make their ventures easy to foresee and budget. As of Jun 30, 2013, a association had 515 employees and a sum resources on this date amounted to €3.4 billion.

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