Paccar Financial Completes European Acquisition

Paccar Financial Services (PFS) has completed its acquisition of Truck Center Hauser GmbH in Germany. "This acquisition accelerates the launch of the PacLease brand in Europe and sets the stage for rapid deployment in Germany

and other European countries," said Ron Armstrong, Paccar vice president.
"PacLease Europe provides another benefit for DAF's customers and will contribute towards DAF achieving its goal of 20 percent market share," added Aad Goudriaan, DAF president. "With a proven team of finance and leasing professionals, PFS is constantly evaluating opportunities to offer expanded products to its customers as well as entering new finance and leasing markets," commented Ken Gangl, Paccar senior vice president.
Paccar is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. It also provides financial services and information technology and aftermarket support for its customers worldwide. PACCAR shares are traded on the Nasdaq Global Select market, symbol PCAR, and its homepage is www.paccar.com.