MAN ‘still interested in Scania’

German truck maker MAN wants to grow fast through acquisitions and remains interested in a tie-up with Swedish rival Scania, its chief executive Hakan Samuelsson said in a German newspaper on Friday.

“We want to grow bigger and are not ruling out acquisitions and partnerships. And Scania would be a good partner,” Samuelsson said in an interview in Die Welt.

Samuelsson said MAN’s three-percent share of the world truck market was “insufficient in the long term.”

“There are new areas of activity which we want to participate in,” Samuelsson said, citing solar energy and biofuels as areas MAN was examining.

MAN made a bid for Scania last year, but the Swedish company fought it off.

Reports in Sweden last month said Scania was preparing a counter-offer.

A merger of the two groups would create Europe’s largest heavy truck-maker ahead of Volvo-Renault Trucks.