January 19, 2018 4:04 PM ET

Machinery

Company Overview of GAZ Group

Company Overview

GAZ Group manufactures and sells commercial vehicles. It offers products, such as light commercial vehicles, such as drop-side trucks and vans, standard and extended platforms, single-row and crew cabs, fixed-route taxis, trucks and passenger trucks, and rear-driven and all-wheel-drive versions, as well as family, crew and corporate minibuses; medium duty trucks; and heavy-duty trucks, including passenger box trucks, cranes, tanks, fuel fillers, fire-fighting trucks, and mobile repair trucks, as well as specialty trucks for forestry, oil and gas, mining, and municipal utility industries. The company also provides city, suburban, intercity, tourist, school, and special-purpose buses; powertra...

88 Lenin Prospect

Nizhny Novgorod,  603004

Russia

Founded in 1929

Phone:

7 831 299 0990

Fax:

7 831 299 0990

Key Executives for GAZ Group

Group President and Director
Chief Financial Officer
COO & Acting Director of AC Division
Export Director & General Director of GAZ International
Director of Truck Division and General Director of The Ural Truck Plant
Compensation as of Fiscal Year 2017.

GAZ Group Key Developments

Volkswagen Might Acquire GAZ

Volkswagen Aktiengesellschaft (XTRA:VOW3) is reportedly planning to acquire the GAZ Group. However, it is not immediately clear how big a stake is being discussed or the value of the deal. ''There are talks, they are trying to reach an agreement. Deripaska has long been looking for a partner and VW does not have a Russian partner,'' said a source familiar with the development.

Volkswagen To Reportedly Acquire Stake in CAZ Group

Volkswagen Aktiengesellschaft (XTRA:VOW3) is reportedly considering buying a stake in CAZ Group, as well as expanding cooperation in line with an agreement of intent signed in June 2017. "The agreement of intent signed in June by VW Truck & Bus and the GAZ Group envisaged the expansion of cooperation in many areas. The companies are now considering various options, including Volkswagen's haulage division acquiring stakes in relevant GAS Group projects," said a source familiar with the development.

GAZ Group Sign Distributor Agreement with Eastern Petroleum

GAZ Group has signed a distributor agreement with Eastern Petroleum. Under the agreement, GAZ will supply GAZelle Next minibuses and buses to Eastern Petroleum. Eastern Petroleum receives rights to distribution and after-sales service of GAZelle light commercial vehicles in the Philippines, including exclusive rights to sale of 17-seat GAZelle Next minibuses and GAZelle Next Citiline buses.

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Date
Target
Merger/Acquisition
June 22, 2017
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