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2017-02-02

Scania: Scania launches corporate venture capital fund

Scania launches Scania Growth Capital for investments in high-growth
companies with strategic relevance to its ecosystem in the transport-
and automotive industries.

Henrik Henriksson, Scania's President and CEO, says: "Through Scania
Growth Capital, Scania is looking to invest in promising, innovative
and entrepreneurial companies. Gaining insight and early access to
business models, technology and ideas that can change the environment
in which we are active will further strengthen us in the future."

Scania Growth Capital will be exclusively operated and advised by an
external investment team with extensive experience from venture and
growth capital business as well as from the automotive industry.

Scania is already active in several partnerships that drive the shift
towards sustainable transport systems, both with customers, academia
and other tech-companies. This initiative reaches a segment of
complementing companies, giving Scania an opportunity to tap into
early development and innovation that is industry-relevant, but
outside its own core operations. It also provides a platform where
Scania can contribute with a large ecosystem, as well as broad and
deep industry knowledge, which will add great value to the portfolio
companies.

Venture capital veteran Lars-Olof Gustavsson has been appointed
chairman of Scania Growth Capital and also acts as chairman of the
external investment company. "In the ongoing technology shifts, it
will be essential to select and collaborate with the companies and
initiatives with the greatest potential to support Scania's continued
development and growth," says Gustavsson. "I am looking forward to
working with Scania Growth Capital in attracting the most strategic
and promising companies to partner with Scania."

Scania Growth Capital will evaluate investment proposals broadly. They
may include, but are not limited to, companies with products,
solutions or services in digitalisation, autonomous vehicles,
connectivity, hybridisation, renewable fuels and smart factory. For
more information on investment criteria please see
scania.com/group/en/investment-criteria

For further information, please contact:

Karin Hallstan, Public Relations Manager Scania, phone + 46 76 842
8104,

email karin.hallstan@scania.com
Daniel Wedberg, Senior Vice President, Head of Corporate Management
and Venture Business, and Managing Director Scania Growth Capital,
email daniel.wedberg@scania.com

For investment related inquiries, please contact the investment team
directly via the webpage www.scania.com/scaniagrowthcapital.

Scania is a part of Volkswagen Truck & Bus GmbH and one of the world's
leading manufacturers of trucks and buses for heavy transport
applications. Scania is also leading provider of industrial and
marine engines. Service-related products account for a growing
proportion of the company's operations, assuring Scania customers of
cost-effective transport solutions and maximum uptime. Scania also
offers financial services. Employing some 44,000 people, the company
operates in about 100 countries. Research and development activities
are concentrated in Sweden, while production takes place in Europe
and South America, with facilities for global interchange of both
components and complete vehicles. In 2015, net sales totalled SEK 95
billion and net income amounted to SEK 6.8 billion. Scania press
releases are available on www.scania.com (http://www.scania.com/se)

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http://news.cision.com/scania/r/scania-launches-corporate-venture-capita...
http://mb.cision.com/Main/209/2178763/622485.pdf

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