Hap Seng takes over Mercedes-Benz Malaysia trucks and bus business

PETALING JAYA: Hap Seng Consolidated Bhd has agreed to acquire the commercial vehicle business of Mercedes-Benz Malaysia Sdn Bhd for an undisclosed sum.

“The proposed acquisition enables the Hap Seng group to participate in the wholesale distribution of the Mercedes-Benz and Fuso commercial vehicles in the growing market in Malaysia,” it said in a filing with Bursa Malaysia yesterday.