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DAF acquires stake in Tatra

18th August 2011, Page 11
18th August 2011
Page 11
Page 11, 18th August 2011 — DAF acquires stake in Tatra
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DAF TRUCKS HAS agreed to acquire 19% of Czech truck manufacturer Tatra. As part of the deal, DAF will supply engines and cabs to the irm.

DAF president Harrie Schippers says: “[This] strengthens DAF’s industry-leading position in the heavy truck segment in central Europe.” Ronald Adams, Tatra chairman and chief executive, says: “The new line of Tatra off-road vehicles will combine the quality, reliability and technological leadership of the Paccar MX 12.9-litre engine and DAF CF cab with Tatra’s versatile off-road chassis, which features exceptional performance in dificult operating conditions.” Tatra’s range of new off-road vehicles – 4x4, 6x6, 8x8, 10x10 and 12x12 – will also be sold by DAF dealers throughout Europe and complement DAF’s range of construction vehicles.

Delivery of DAF cabs and Paccar engines to Tatra will begin later this year.

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