MAN Financial Services UK has joined Traton Financial Services in a move aimed at offering customers more agile, bespoke and future-ready services, as its customers continue to transition to electric vehicles.
The integration of the two services was completed as MAN moved to its new offices at MAN Truck & Bus UK in Swindon last week.
Traton Financial Services, which was launched in April last year, is on a mission to transform the financial landscape for Traton brands, MAN, Scania, Volkswagen Truck & Bus, and International.
Peter Collins, MAN Financial Services UK MD, said the strategic move to Traton Financial Services will enable MAN Financial Services UK to boost its range of financial solutions, and make it better suited to meeting customers needs and market demands.
He added: “We aim to drive growth in the UK market by offering customers more flexible and future-ready financing options.”
These include a stronger focus on green financing, in a bid to better cater for electric and low-emission trucks and greater leasing flexibility to ensure the company can adapt quickly to new regulations and customer demand.
It will also focus on digitalised financing, to speed up the approval process and simplify access to funds, and offer flexible transport-as-a-service options for businesses of all sizes.
Stefan Thyssen, MAN Truck & Bus UK MD, commented: “This new Traton Financial Services framework means that moving forward, we’ll be better placed to offer our customers a highly focused and tailor-made solution, more suited to meeting the needs of tomorrow’s world, especially with the focus on sustainability and switching to electric vehicles.
“Over the last 25 years, the MAN Financial Services team has supported us comprehensively with an array of tailored vehicle leasing and hire options, all very much appreciated by our customers, our sales force, the MAN Truck & Bus dealer network and critical to the success of our business.
“Looking forward, with our financial services under the Traton Financial Services umbrella, the continuation of the great relationship and collaboration with Peter and the team can only strengthen our offering.”
The group said there will be no immediate changes to the current services or contracts. All existing agreements will remain in place, and the day-to-day operations with MAN Financial Services UK will continue uninterrupted.
Traton SE, which trades as the Traton Group, is a subsidiary of the Volkswagen Group and one of the world’s largest commercial vehicle manufacturers. It includes Scania, MAN, International, Volkswagen Truck & Bus, IC Bus and Neoplan brands.
