TRATON GROUP Establishes TRATON Financial Services

With the establishment of a group-wide and integrated business unit for financial services, the TRATON GROUP is significantly closer to fulfilling a promise made during its IPO. TRATON is setting up a group-wide and integrated business unit for financial services as of April 1, 2022. Johan Haeggman, CFO of Scania, will lead the unit.

(Munich) With the establishment of a group-wide and integrated business unit for financial services, the TRATON GROUP is significantly closer to fulfilling a promise made during its IPO. TRATON Financial Services will offer comprehensive customer financing services to meet the demand for new technologies and business models.

Customers are increasingly demanding more comprehensive and advanced services in light of evolving technologies and business models in the transport and logistics ecosystem, seeking a partner to support their business. A very important part of this is the advanced financing services that come into play, for example, when customers transition to electric vehicles or transport-as-a-service models.

Thanks to the TRATON GROUP’s deep understanding of future customer requirements regarding hardware, software, and services, the company is well-positioned to support its brands and their customers with these financing solutions. With the expanded financing business, TRATON will develop tailored and advanced financing solutions for customers and bundle complete service offerings.

Decisive Success Factor

For the business models of the future, the offering of in-house financial services will be a decisive success factor. Additionally, establishing a global presence enables the necessary economies of scale and achieving critical mass in financing. This allows advanced and holistic financial services to be provided for all customers of the TRATON brands.

Johan Haeggman will take on the role of head of TRATON Financial Services as of April 1, 2022. Currently, Haeggman is the CFO of Scania. He has been involved in the establishment and management of Scania’s successful and profitable financial services business.

Partner for Customers of All Brands

Christian Levin, Chairman of the Board of the TRATON GROUP: “With the establishment of TRATON Financial Services, the TRATON GROUP accelerates the transition to a global leader in sustainable and fully connected transport solutions and a true partner for customers of all our brands. With this step, we also reach another milestone in the transformation of TRATON Holding, where we consolidate key elements of all brands for the benefit of the group. Johan Haeggman is perfectly suited for this task and brings nearly 30 years of experience in the commercial vehicle industry. Among other things, he has built and led the area that has become the benchmark in the financial services industry over the past seven years.”

Johan Haeggman was born in 1960 and graduated in 1989 with a Bachelor of Science in Business Administration and Economics. He joined Scania as a trainee in 1989 and took on his first leadership position in 1991. After several management positions in Europe and Latin America, Haeggman became Executive Vice President and Chief Financial Officer of Scania in 2015.

Photo: © TRATON / Image Caption: Johan Haeggman