Monday 24th Oct 2016 - Logistics Manager

MAN in truck leasing move

MAN Finance International has acquired a 25.1 per cent stake in EURO-Leasing GmbH, Sittensen. EURO-Leasing, which is based near Hamburg, has a fleet of some 2,000 tractors and 10,000 trailers.

“This investment represents a logical extension of the value chain in the direction of vehicle sales,” says Rainer Laber, chief executive of MAN Finance International. Every fourth MAN truck sold is financed via the MAN Finance Group and numbers are rising.

“The truck leasing market is playing an increasingly important role in this business and we anticipate annual growth rates of around 4.5 per cent,” said Soenke Weichenthal, head of sales strategy at MAN Nutzfahrzeuge.