Press release

Volkswagen Financial Services AG acquires MAN Finance International GmbH

  • Truck and bus activities will become a core business at Volkswagen Financial Services
  • Volkswagen Financial Services continue to grow with the brands of the Volkswagen Group
  • MAN Finance remains the exclusive sales promoter for MAN Truck & Bus AG
Braunschweig, 2 January 2014. Volkswagen Financial Services AG has acquired MAN Finance International GmbH, headquartered in Munich, effective January 1, 2014. The purchase enables Europe’s largest automotive financial services provider to expand its business to include financing, leasing, and rental activities for MAN Truck & Bus. It aims to strengthen financial service activities in this area and particularly boost sales targets through this.

“Truck and bus activities will become a core business at Volkswagen Financial Services”, says Frank Witter, Chairman of the Board of Management of Volkswagen Financial Services AG. “In taking over the financial service activities of MAN SE, we are growing further with the Group’s brands. Our medium-term aim is to position MAN financial services as a benchmark for the truck and bus business”, adds Frank Witter.

“Bundling the infrastructure, resources, and know-how of Volkswagen Financial Services AG and MAN Finance International GmbH allows both sides to benefit and enables the development of end-to-end transportation solutions for the customers of MAN Truck & Bus and in other markets too. MAN Finance remains the exclusive sales promoter for MAN Truck & Bus AG”, explains Dr. Georg Pachta-Reyhofen, Chief Executive Officer of MAN SE.

Information for editors:

Volkswagen Financial Services AG is a wholly owned subsidiary of Volkswagen AG with headquarters in Braunschweig, Germany. The company is responsible for the coordination of the worldwide financial services activities of the Volkswagen Group. Volkswagen Financial Services AG has 9,147 employees worldwide – 5,136 alone in Germany. Total assets on June 30, 2013, reached almost €88 billion and the number of contracts around 8.3 million.

MAN Finance International GmbH’s services range from leasing and hire purchase through credit solutions for the trucks and buses of MAN Truck & Bus. It is a reliable partner for its customers, helping them to make their ventures easy to forecast and budget. As of June 30, 2013, the company had 515 employees and its total assets on this date amounted to €3.4 billion.

Contact for press inquiries:

Volkswagen Financial Services AG
Stefan Voges (HEad of External Communication)
Phone: +49 (0)531 / 212-2621
E-Mail: stefan.voges@vwfs.com
www.vwfs.com

MAN SE
Manuel Hiermeyer (Manager Corporate Communications)
Phone: +49 (0)89 / 360 98-562
E-Mail: manuel.hiermeyer@man.eu
www.man.eu