MAN SE

MAN SE Overview

Company Headquarters: Munich, Germany

Founded: 1758

Workforce: ~54,297

Company Working: MAN SE is engaged in designing, manufacturing, and marketing commercial vehicles and mechanical equipment. The company is a subsidiary of Volkswagen AG (Germany), which holds a 74.55% interest in MAN SE’s capital. It operates through the two business divisions— commercial vehicles and power engineering. The power engineering division operates through Its subsidiaries, MAN Diesel & Turbo and Renk. The company offers gas turbine services through its Prime Serv brand, which is a part of the MAN Diesel & Turbo segment. The other major products offered under its power engineering division are two and four-stroke engines for ships, diesel and gas power plants, gas turbines, compressors, steam turbines, and chemical reactors. The company caters to industries, such as oil & gas, chemical, processing industries, and electrical utilities.

MAN SE offers comprehensive service for all their equipment through a network of over a 100 service centers across Brazil, Canada, China, France, Germany, India, Oman, Portugal, Qatar, Saudi Arabia, South Africa, Turkey, and the US. Additionally, the company has manufacturing facilities in 14 countries, worldwide, including Brazil, China, Denmark, Germany, India, Mexico, Russia, and South Africa. Some of the company’s key subsidiaries include MAN Truck & Bus Deutschland GmbH (Germany), Renk Aktiengesellschaft (Germany), MAN Trucks India Pvt. Ltd (India), MAN Capital Corp (US), and MAN Truck & Bus Trading Co., Ltd. (China).

Strategy

MAN SE focuses on increasing the overall efficiency of its machinery and equipment and reducing emissions from its products during the forecast period. The company is regularly launching new service centers across the globe to enhance its market share further and also to provide better service to future and existing clients. The energy and transportation markets are expected to grow substantially during the forecast period. This is why it is concentrating on introducing new products and services for these markets to gain a larger market share in the forthcoming years. The services offered for all equipment and machinery manufactured by the company has generated substantial revenue for the company and is expected to continue to generate revenue during the forecast period. Hence, as a part of its key strategy, MAN SE is strategically increasing the number of service centers, globally, to ensure closer proximity to its clients.

Company Snapshot

$15,202.5M

Revenue

54,297

Employees

1758

Founded

Munich, Germany

Headquarters

SWOT Analysis

Strengths

Increase in the research and development investments for its power engineering division
Operations in over 120 countries

Weaknesses

Liquidity and credit risk due to international nature of business
Low penetration rate in developing countries, especially in Asia-Pacific

Opportunities

New product development with incorporated advanced digital technologies
Growth in the energy and transportation markets

Threats

Stringent environmental regulations
Geopolitical problems in key markets

Key Developments

Date	Approach	Development
December 2018	Expansion	MAN SE launched its new service workshop in Dakar, Senegal. The equipment provided by the company contributes to about 15% of the country’s energy needs, and the new service center enables MAN SE to offer services to local customers
October 2018	Contract and Agreement	MAN SE in collaboration with OHI Group of Companies (Oman), set up a new service center in Rusayl, Oman. The joint venture increased the presence of the company in the Middle East
November 2017	Contract and Agreement	MAN SE signed a contract with Petrobras (Brazil), to service 20 gas turbines and compressors on four platforms located in the Atlantic Campos Basin. The company ensured the availability of the equipment for three years, with the possibility of further extension

Product Offering

MAN SE
- Gas turbine services

Financial Performance

What our clients say

Trusted by forward-thinking businesses
for data-driven intelligence

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.