MAN Europe AG (MAN Group) MAN SE (FWB: MAN) was founded in 1758, formerly known as MAN AG, headquartered in Munich, Germany, is a subsidiary of Traton SE, 39,668 full-time employees, commercial in Germany and internationally The vehicle industry operates, providing vans, trucks, buses, diesel and gasoline engines, as well as passenger and freight services.
MAN Europe AG (MAN Group) MAN SE:
Mann Europe AG (MAN SE, formerly MAN AG), also called MAN Group, MAN can be translated Mann , Mann , lion , from the company formerly known three letter M aschinenfabrik A ugsburg N ürnberg ( Augsburg-Nuremberg Machinery Factory Co., Ltd.) is a mechanical manufacturing company headquartered in Munich, Bavaria, Germany. MAN Group is a leading European engineering group, with business areas involving commercial vehicles, diesel engines, turbines, steam turbines, printing machinery and other machinery, and it is a global leader in various business areas.
MAN Group is a listed company on the Frankfurt Stock Exchange in Germany. It is also one of the 30 components of the German DAX Index with the longest history and one of the world’s top 500. In 2008, the MAN Group celebrated its 250th anniversary, with 51,300 employees from 120 different countries generating annual sales of 15 billion euros. MAN Group has established subsidiaries in India, Poland, Turkey, China, the United States, UAE, South Africa, Uzbekistan, Portugal and Austria through the establishment of wholly-owned subsidiaries and joint ventures with local companies.
MAN Europe AG (MAN Group) MAN SE companies:
Currently MAN Group has three main subsidiaries, each of which supplies different regional markets around the world:
MAN Truck & Bus AG : MAN Truck & Bus AG, headquartered in Munich, Germany, is the most important and largest company in the MAN Group and one of the world’s leading manufacturers of commercial vehicles and diesel engines .
- Factory distribution: Germany, Austria, UK, Poland, Turkey, South Africa, Australia, Egypt
- In 2002, it occupied 13.7% of the commercial vehicle market in Western Europe, with research and development funds of 171 million euros; 2004 financial report: about 34,000 employees, annual sales of 7.4 billion euros, of which: 63,300 trucks and 6,100 buses
- Commercial vehicles: trucks (61% of group sales), after-sales parts and services (18%), passenger cars (14%), engines and parts (7%)
- The truck product line ranges from 6 tons to 50 tons, covering light, medium and heavy duty for various purposes
- Bus brand: MAN, Neoplan
- Engine field: Germany is the sole manufacturer of slow-speed two-stroke diesel engines. It also produces natural gas engines. It develops, produces and sells chassis for trucks, buses, coaches and large and medium-sized passenger cars, and engines from 110 to 1400 horsepower. The Nuremberg plant The engines produced can be used to drive vehicles, ships and provide energy for industrial production
- Auto parts : axles, transfer cases, frame and chassis stampings for trucks and cars
- MAN Diesel & Turbo SE: In 2010, MAN Diesel SE and MAN Turbo AG merged to form MAN Power Equipment Company, MAN Power Equipment Company Is a multinational company headquartered in Augsburg, Germany, producing large-caliber diesel engines and turbines for marine and stationary applications, such as marine propulsion systems, power plant applications and turbochargers. It is one of the world’s leading suppliers of large-caliber diesel engines and turbo machinery for marine and stationary applications.
- MAN Latin America: The former Volkswagen Truck and Bus Company is the leader in the Brazilian truck market.
- RENK AG (holding 76% of the shares)
- Automobile gearboxes, industrial gearboxes, marine gearboxes, sliding bearings, couplings
- Sinotruk (Hong Kong) (holds 25%+1 shares)
- Ferrostaal Company (MAN Ferrostaal AG) (holds 30% of the shares, the rest belongs to International Petroleum Investment Company)
- Industrial services: forecasting, delivery, assembly, including steel structures
- MAN Group also has financial institutions serving the group (Kangzeen).
MAN Europe AG (MAN Group) MAN SE History:
MAN’s historical roots can be traced back to 1758. The predecessor of MAN Group, “St. Antony ironworks” (St. Antony ironworks), opened as the largest heavy industrial enterprise in Oberhausen, Germany, located in Ruhr, the capital of German heavy industry. Area. In 1808, “Saint Anthony” merged with two other iron smelters “Gute Hoffnung” and “Neue Essen” under the name “Hüttengewerkschaft und Handlung Jacobi”, still located in Oberhausen, Germany , And the company changed its name to Gute Hoffnungshütte (GHH).
In 1840, German engineer Ludwig Sander established the “Sander’sche Maschinenfabrik (machinery manufacturing plant)” in Augsburg, southern Germany, the prototype of the MAN Group. It was then renamed “C. Reichenbach’sche Maschinenfabrik (Machinery Factory)”, which was named after Carl August Reichenbach, a pioneer in printing presses. Finally it became “Augsburg Machine Factory”.
In 1898, “Nuremberg Machinery Manufacturing Co., Ltd.” (established in 1841) and “Augsburg Machinery Works Co., Ltd.” (established in 1840) merged into “Augsburg Joint Machinery Factory and Nuremberg Machinery Manufacturing Co., Ltd.”. In 1908, it was renamed “Augsburg-Nuremberg Machinery Factory Joint Stock Company”, referred to as MAN.
At that time, ore mining and ironmaking were still the main core of production in the Ruhr area, but construction machinery became the dominant business branch in Augsburg and Nuremberg. Under the leadership of Heinrich von Buz (Heinrich von Buz), the Augsburg Machinery Plant grew from a medium-sized factory with only 400 employees to a backbone enterprise with 12,000 employees in 1913.
Power transportation and steel construction are the main topics of this period. Mann’s early ancestors were responsible for many technological innovation projects, and full openness to new technologies was the cornerstone of the success of these early entrepreneurs and engineers. They built the suspension train (Wuppertaler Schwebebahn) in Wuppertal, the steel bridge Großhesseloher Brücke in Munich in 1857, and the railway rail Müngsten from 1893 to 1897.
MAN, which had not been renamed in the early days, experienced many technological innovations, such as the first rotary newspaper printer in Germany, the first refrigeration machine “Linde System” (1873), and the manufacture of diesel engines from 1893 to 1897. The famous engineer Rudolf Diesel manufactured the world’s first excellent functional diesel engine for the Augsburg Machinery Factory in 1897. This type of power system was later named “Diesel Engine”. This invention It can be said to be the cornerstone of the birth of today’s commercial vehicles. In 1924, the first truck with a MAN diesel engine was displayed at the Berlin Motor Show, and the Bavarian Post Office purchased a large number of this truck.
In the 1930s, MAN diesel engines used in ships were licensed to the United States for domestic production and installed on naval fleet submarines. The Pacific War proved that these engines were prone to failure and unpopular.
In early 1942, in Europe, the Panther chariot was manufactured and deployed using the hull designed by MAN and the turret designed by Rheinmetall-Borsig. Germany used the tank in World War II.
After the Second World War, MAN GHH lost all business activities abroad and suffered heavy losses in the war. Allied forces took control of all GHH companies, split the companies, and distributed steel production facilities to independent individuals. Therefore, the company shifted its focus to southern factories and commercial vehicles in Germany. This process has always supported strategic acquisitions and disposals, the most important of which is the takeover of commercial vehicle manufacturer Büssing (1971), the disposal of shares in Deutsche Shipyard (1966/67), the acquisition of printing machinery manufacturer Faber&Schleicher, and the Integration into Manroland AG (1979).
In 1971, Austrian Gräf & Stift and Austrian ÖAF merged to form ÖAF-Gräf & Stift AG, which was completely taken over by MAN in the same year.
In 1972, MAN manufactured the maglev “Erlangen Test Vehicle 01” (EET-01) on a 900-meter-long circular test route in the sister city of Erlangen in Nuremberg, Bavaria, Germany.
In 1986, GHH merged into the MAN Group and headquartered in Munich. The new company was named MAN AG.
In 1991, the MAN Group took over the truck manufacturer in Vienna, Austria-Steyr Trucks Commercial Vehicle Co., Ltd. (formerly Steyr-Daimler-Puch AG). At the same time, there were truck construction projects in Turkey and India, respectively. AS and Shakti-MAN.
At the end of 1999, Star Trucks Sp. z oo was taken over by MAN Group. On August 1, 2003, MAN Star Trucks Sp. z oo and MAN Bus Poland Sp. z oo merged to form MAN Star Trucks & Busses Sp. z oo. On January 9, 2009, MAN Star Trucks & Busses Sp. z oo eliminated “Star” from its name and is now called MAN Bus Sp. z oo.
In 2000, ERF became a part of MAN Group. In 2007, MAN Group discontinued ERF production.
In 2001, MAN Group acquired the world-renowned luxury bus manufacturer, Neoplan, Germany.
On September 18, 2006, the MAN Group acquired Scania AB, Sweden’s leading truck and bus manufacturing company, for 10.3 billion euros. Mengshi Group purchased 15.6% of the voting shares of Scania. Volkswagen Group -Scania’s largest shareholder, from the original 20% of the shares of the Lion to 29%. Volkswagen has a majority stake in Scania and more than 51% of the shares. It is widely believed that the two truck manufacturers will merge and take over Volkswagen’s Brazilian heavy-duty truck business.
In a recent interview, Volkswagen CEO Martin Winterkorn said: Volkswagen currently has no plans to try to merge Scania and MAN, but he did not rule out the possibility of Lions buying Volkswagen’s Brazilian heavy trucks. Sex.
As of 2009, Volkswagen’s trucks and buses have already belonged to the Mengshi Group. There are also speculations that Volkswagen initially planned to acquire the Lion’s trucks and buses at the end of 2008, but this has not been officially confirmed, and there is currently no action to show that Volkswagen is trying to acquire the Lion’s shares or purchase the Lion’s commercial car.
In 2008, the 250th anniversary of the Lions, Lions Group held a grand ceremony in Munich, and held exhibitions at the German Museum in Munich, the Corporate Museum in Augsburg, and the Rheinisches Industriemuseum. One of the most eye-catching is the “Old Car Escort Team” in June. The car traveled on a classic route-from Munich through Nuremberg to Augsburg.
On May 19, 2009, Mengshi Group successfully completed the transformation from a German stock company (MAN AG) to a European stock company called MAN SE (Societas Europaea).
In July 2011, the MAN Group was acquired by the German Volkswagen Group.
On June 27, 2019, Volkswagen Group split its heavy-duty truck division Traton SE at a price of 27 euros (30.45 US dollars) per share and listed on the Frankfurt Stock Exchange and the Stockholm Stock Exchange. Volkswagen Group will sell 11.5% of its shares to raise funds 1.55 billion euros (1.8 billion US dollars), Traton SE owns MAN Group and Scania automobile and Volkswagen truck business, and holds 16.6% of Navistar shares, and holds 25% of Sinotruk, with revenue of 259 in 2018 Billion euros, and a pre-tax profit of 1.7 billion euros.
MAN Europe AG (MAN Group) MAN SE investment:
MAN is listed on the Frankfurt Stock Exchange and the Stockholm Stock Exchange, and currently there is no ADR in US stocks.