MAN SE (Maschinenfabrik Augsburg-Nürnberg, Societas Europaea) is a listed vehicle and machine-building company. The company's head office is in Munich. Volkswagen AG has held the majority of ordinary shares (55.9 percent) in the company since November 2011. Around the world, MAN employees 52,542 people (30,187 in Germany, 22,355 abroad) (as at December 31, 2011). Annual sales are running at EUR 14.7 billion (2010), of which 79% was generated outside Germany.
The MAN Group is divided into two divisions:
One division is Commercial Vehicles, which itself comprises two sub-groups: MAN Truck & Bus and MAN Latin America as well as stakes in the manufacturers MAN Force Trucks (India), MAZ-MAN (Belarus) and Sinotruk (China).
The second division is Power Engineering. This consists of the sub-group MAN Diesel & Turbo and a majority stake in transmission manufacturer Renk AG.
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