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2006-04-29 News Headlines

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Vehicles and engineering equipment manufacturer bundles IT

The MAN Group, one of Europe´s leading manufacturers of engineering equipment and vehicles, bundles its IT activities into a newly-formed company.

MAN Aktiengesellschaft - The new company, MAN IT Services GmbH (MIT), is to streamline processes and reduce costs.

Data-processing centers, networks and terminals for all MAN companies are to be provided and serviced by MAN IT Services GmbH, which will operate as an integrated service provider. The aim is to standardize the hardware and software used for similar IT processes throughout the MAN Group and in this way save costs, while leaving specifically business-related IT competence in the individual companies. The formation of MIT is part of the MAN Group´s shared services concept, which also includes the separate service companies held by the MAN Group for pension schemes and financing.

"MIT offers MAN companies the range of IT services they need, transparently structured and at prevailing market prices," says Dr. Wolfgang Brunn, Chairman of the MIT Board of Directors. Erwin Eicher and Jurgen Elsner have also been appointed directors of the new company. About half of a total of 800 IT employees in the MAN Group have transferred to MAN IT Services GmbH, most of them however continuing to work at their previous locations. The MIT headquarters are located in Munich.

The formation of MIT is a significant step on the part of MAN towards realizing its shared services concept. This entails pooling suitable activities from various Business Areas to form an economically and legally independent area of responsibility. By bundling and standardizing processes and systems and also utilising synergies offered in the areas of infrastructure, resources and know-how, costs can be significantly reduced. The intention is that the Business Areas, which up until now have each performed these operations independently, should concentrate more closely on their core competencies with a view to increasing productivity.

As a shared service center, MIT GmbH is committed to the corporate strategy, must be cost-effective and generate positive earnings, but does not operate on the open market. It offers customers, i.e. members of the Group, an economic and high-quality service.

Find more information about The MAN Group AG

Read a recent press release from MAN Group about; 'Force Motors Ltd and the NEOMAN Bus Group plan joint venture to build chassis and complete buses and coaches for the Indian, Asian and similar markets.'

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