Hap Seng acquires commercial vehicle business from Mercedes-Benz Malaysia
This marks the beginning of HSTD being the exclusive general distributor of Mercedes-Benz Trucks, Mercedes-Benz Vans and Fuso Trucks in Malaysia, which includes handling the import, assembly, wholesale distribution and aftersales services of Mercedes-Benz and Fuso commercial vehicles.
“We are truly grateful for this very honour and opportunity to be appointed the exclusive general distributor of Mercedes-Benz and Fuso commercial vehicles in Malaysia. I steadfastly believe that HSTD is well-poised to fly more Mercedes-Benz and Fuso flags on the roads and highways in Malaysia in time to come,” said Roland Schneider, chief executive, HSTD.
“This is a collective mission to be made possible with the collaborative efforts of all stakeholders – our esteemed principal and dealer network, as well as our unflagging commitment to support our dealers and to open new frontiers in the commercial trucks business,” he added.
“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 HSTD is on their way to bring the commercial vehicle business in Malaysia to a whole new level,” said Antonio Randazzo, vice president, Daimler Commercial Vehicles South East Asia.
HSTD is a wholly owned subsidiary of Hap Seng Consolidated Berhad, a public listed company on the Main Market of Bursa Malaysia Securities Berhad with a market capitalisation of approximately RM23 billion.