Traton Acquires MAN Financial Services Division in Italy
Deal News | Jun 04, 2025 | Legal Community Italy
Traton Financial Services has completed the acquisition of the Italian division that provides financial services for vehicles under the MAN brand from Volkswagen Financial Services and Volkswagen Bank. This acquisition involved a complex legal process with support from Linklaters for Traton and BonelliErede for Volkswagen. The transaction covered various legal aspects including contractual, employment, regulatory, antitrust and data protection matters. Traton's Italian team, along with Volkswagen Financial Services' legal team, also played a crucial role in finalizing the deal.
Sectors
- Financial Services
- Automotive
- Legal Services
Geography
- Italy – The division acquired is located in Italy, and the legal processes were conducted through Italian legal teams.
- Germany – Volkswagen Financial Services and Volkswagen Bank, the selling entities, are based in Germany.
Industry
- Financial Services – The acquisition involves the financial services segment, specifically related to providing financial solutions for vehicle purchases.
- Automotive – The transaction centers around financial services for vehicles under the MAN brand, linking it to the automotive industry.
- Legal Services – The involvement of legal firms to handle complex aspects of the transaction highlights the importance of legal services in M&A.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Traton Financial Services | Buyer | Company | A division of Traton Group, responsible for providing financial services related to the group's brands. |
| Volkswagen Financial Services | Seller | Company | The financial services division of Volkswagen Group that sold its MAN financial services operations in Italy. |
| Volkswagen Bank | Seller | Company | A part of Volkswagen Financial Services that participates in handling financial solutions and banking for Volkswagen brands. |
| Linklaters | Legal Advisor for Buyer | Company | An international law firm that provided legal advice to Traton Financial Services for the acquisition. |
| BonelliErede | Legal Advisor for Seller | Company | An Italian law firm providing legal counsel to Volkswagen in the transaction process. |