PACCAR Inc.'s agreement to acquire Leyland Trucks Ltd. of the United Kingdom brings a manufacturing partner into the fold of PACCAR's expanding European operations.
PACCAR, based in Bellevue, Wash., said last week it would acquire Leyland for an undisclosed amount. The deal is expected to be completed next month.
'This really enhances our position in Europe, and it gives us a wider range of products to sell worldwide,' said John Hartquist, PACCAR's manager of strategic planning.
Leyland currently builds two commercial truck models marketed exclusively in Europe by DAF Trucks N.V., a Netherlands-based truckmaker acquired by PACCAR in 1996. Leyland also builds trucks for the military in the United Kingdom.
At the same time, DAF and Renault are jointly developing a new family of medium- and heavy-duty commercial trucks scheduled to be introduced by 2000. When the agreement was announced last fall, DAF said it was likely that Leyland would build the new mid-range truck.
Hartquist said it was likely that some smaller versions of the DAF-Renault-developed trucks would be sold in North America. PACCAR is best known in North America for its Kenworth and Peterbilt over-the-road trucks.
In the United Kingdom, Leyland also builds medium-class trucks marketed by Isuzu in Europe.
PACCAR also owns Foden Trucks, a United Kingdom-based truck builder that sells trucks principally in its home market.