Hap Seng Trucks Distribution Sdn Bhd acquires the Mercedes-Benz Malaysia Commercial Vehicles (MBM CV) business, both parties jointly announced. This new business entity will be responsible for the commercial vehicle business, handling the import, assembly, wholesale distribution and aftersales service of Mercedes-Benz and FUSO commercial vehicles in Malaysia.
Dr Claus Weidner, CEO and President of Mercedes Benz Malaysia says, “The sale of our commercial vehicle business is aligned to the strategy of our parent company, Daimler AG, to strengthen the divisional structure by transforming this function into a legally independent unit. We are confident that this move will prove to be beneficial for both our passenger car and commercial vehicle business here in Malaysia. For our passenger car business, we will continue our successful strategy of putting the customer at the centre of our activities.”
Under the diversified conglomerate Hap Seng Consolidated Berhad, Hap Seng Trucks Distribution Sdn Bhd is wholly owned by Hap Seng Auto Sdn Bhd. Roland Schneider, who brings with him 28 years of experience dealing with Daimler commercial vehicles in various functions will lead Hap Seng Trucks Distribution Sdn Bhd.
Hap Seng Consolidated Berhad is a public company listed on the Main Market of Bursa Malaysia Securities Berhad. It is a diversified conglomerate with six core businesses which are plantations, property investment and development, credit financing, automotive, fertilizers trading and building materials.