Scania, a Swedish manufacturer of trucks and buses, and industrial and marine engines, announced Wednesday that it will acquire GM Powertrain's production plant in Södertälje, Sweden.
Terms of the transaction were not disclosed.This acquisition will allow Scania to increase engine component production capacity and to start production of injection systems for engines.
According to Per Hallberg, head of production and procurement and a member of Scania’s executive board, the acquisition will help Scania to increase its total production capacity to 100,000 vehicles by 2010.
Scania is offering jobs to all the employees at the GM Powertrain production plant. Production at the plant is expected to begin during 2009.
Scania currently has 32,800 employees at operations in nearly 100 countries.