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Hap Seng Trucks Distribution Sdn Bhd to Acquire Commercial Vehicles Business from Mercedes-Benz Malaysia
Hap Seng Trucks recently entered into an agreement to acquire from Mercedes-Benz Malaysia (MBM) its commercial vehicle general distributorship business in Malaysia, paving the path for it to become the sole general distributor of Mercedes-Benz and Fuso commercial vehicles. On completion, Hap Seng Trucks would be responsible for handling the import, assembly, wholesale distribution and after-sales services of Mercedes-Benz and Fuso commercial vehicles in Malaysia.
Hap Seng Trucks would be helmed by Roland Schneider, a German who rose through the ranks after more than 28 years with the Daimler group with his last position being the President and CEO of Daimler Commercial Vehicles in Dubai.
“We are honoured and excited to be given this opportunity to become the general distributor for Fuso and Mercedes-Benz commercial vehicles in Malaysia. Leveraging on the prominent brand presence of Mercedes-Benz and Fuso as well as the proven track record and reputation of Hap Seng, we are confident that Hap Seng Trucks is well poised to bring the commercial vehicle business in Malaysia to a whole new level. We are fully committed to uphold the first-in-class service and support for both sales and after-sales to all,” Schneider said.
Hap Seng Trucks is a wholly owned subsidiary of Hap Seng Consolidated Berhad, a public company listed on the Main Market of Bursa Malaysia Securities Berhad with market capitalisation of about RM23 billion. It is a diversified group with six core businesses – plantations, property investment and development, credit financing, automotive, fertilisers trading and building materials.