Traton completed the acquisition of global MAN and Volkswagen Truck & Bus financial services businesses from Volkswagen Financial Services.

Traton, a commercial vehicle manufacturer, completed the acquisition of global MAN and Volkswagen Truck & Bus financial services businesses from Volkswagen Financial Services, an in-house financial arm of the Volkswagen Group. Financial terms were not disclosed. “Bundling the financial services backbone for our commercial vehicle brands allows us to support their unit sales even better in the future. It also means we can further improve the range of services we offer our customers as electric vehicles continue to gain momentum. Just like our important service business, optimizing the financing setup in the Traton helps to make our earnings more resilient to the cyclical commercial vehicle markets,” Christian Levin, Traton CEO.