Paccar Acquires German Truck Leasing Company

May 07, 2007

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Paccar Financial Services (PFS) has entered into an agreement to purchase Truck Center Hauser GmbH (TCH), a leading independent truck rental and leasing company in Germany. TCH is headquartered in Dieburg, near Frankfurt,
and has 10 operating locations throughout Germany.
TCH has a fleet of 1,200 trucks and 1,800 trailers servicing approximately 3,000 customers and has an outstanding reputation throughout Germany for providing industry-leading products and services to its growing base of customers. In 2006, TCH was named "Best Rental and Leasing Company in Germany" by readers of EuroTransportMedia magazine. "Paccar's acquisition of TCH will enable PFS to continue to profitably expand its financing and leasing of DAF products," said Ken Gangl, Paccar senior vice president. TCH provides an excellent infrastructure to establish and grow PacLease in Europe. Paccar Leasing, which was established in North America in 1980, has a fleet of 28,500 units and achieved its 13th consecutive year of record profits in 2006.

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