SAF-HOLLAND SE
SAF-HOLLAND and SAG Motion Group (SAG) launch cooperative operations in Brazil
SAF-HOLLAND S.A. / Key word(s): Contract 25.09.2012 / 13:33 --------------------------------------------------------------------- * SAG and SAF-HOLLAND product synergies increase market opportunities with OEM Truck and Trailer customers * Collaborative sales and marketing efforts reduce costs and increase market penetration potential * Agreement leverages SAF-HOLLAND's existing market presence and the SAG commercial vehicle product offering Bessenbach, Germany, September 25, 2012 - SAF-HOLLAND GmbH has announced an agreement with SAG Motion Group (SAG) to launch cooperative sales and marketing operations in Brazil. The management of SAF-HOLLAND and SAG have recently signed an official cooperation contract outlining joint business activities in sales and marketing, as well as the sharing of administrative operations. The installation of a SAG subsidiary, in close proximity to SAF-HOLLAND do Brasil manufacturing and administrative facilities in Jaguariúna, São Paulo State, Brazil, will begin immediately. SAG has already secured contracts to supply OEM aluminum fuel tanks for truck OEMs in Brazil beginning in 2013. 'The cooperative agreement between SAF-HOLLAND and the Salzburg Aluminum Group provides an excellent opportunity to take advantage of the possible product and marketing synergies that exist between the two companies,' said, Detlef Borghardt, CEO of SAF-HOLLAND, in a recent comment on the cooperative agreement between the two global companies. The cooperative agreement has also been designed to lower operational and administrative costs for the two companies in their efforts to penetrate the Brazilian marketplace. The agreement leverages SAF-HOLLAND's strong and growing market presence in Brazil with the introduction of the complementary line of products provided by SAG. The combination of these two factors opens the door to opportunities for increased sales and market share of Truck and Trailers OEM customers in Brazil. SAG is an international supplier of high-performance aluminum components and systems for a wide range of industries, including the transportation industry. The company was established in 1898 and conducts global operations from central Europe, with locations in Lend and Ranshofen, Austria, the Netherlands, Sweden, France, Slovakia and Mexico - along with an extended global network of sales partners. 'There are many things which our brands share,' noted Borghardt, 'from our corporate traditions, our long histories and reputations for reliability and quality, as well as the similarities in our corporate cultures.' SAF-HOLLAND, a global leader in the manufacturing of coupling products, suspension systems and components for the commercial vehicle market can be traced back for over a century. In 2007, SAF-HOLLAND recognized the potential of the rapidly expanding South American marketplace and invested in the development of a manufacturing facility, in Jaguariúna. Additional investment and expansion saw the beginning of local manufacturing of fifth wheels in 2011. SAF-HOLLAND do Brasil again expanded this year by opening new office facilities in Caxias do Sul, to provide additional sales, service and applications engineering operations, for its customers in southern Brazil. 'We are delighted to partner with such a strong company (SAG) and have an opportunity to not only expand our growing market presence in Brazil, but to grow our interface with customers globally,' said Borghardt. The official cooperation contract, outlining joint business activities in sales and marketing as well as the sharing of administrative operations between SAF-HOLLAND and SAG Motion Group (SAG), was signed by Dr. Karin Exner-Wöher, CEO SAG Motion, Wilhelm Schnedl, CSO SAG Motion, Detlef Borghardt, CEO SAF-HOLLAND and Rogerio Ramos, CEO SAF-HOLLAND Brazil on September 21, 2012. SAF-HOLLAND COMPANY PROFILE With sales of approximately EUR 831 million in 2011 and more than 3,000 employees, SAF-HOLLAND is one of the world's leading manufacturers and suppliers of premium product systems and components primarily for trailers as well as trucks, buses and recreational vehicles. The product range encompasses Trailer axle and suspension systems, fifth wheels, coupling devices, kingpins, and landing legs. SAF-HOLLAND customers include the majority of large truck and trailer producers all over the world. The products are sold to Original Equipment Manufacturers (OEMs) and Original Equipment Suppliers (OESs) by means of a global service and distribution network and via aftermarket channels directly to the end users and service garages. SAF-HOLLAND has therefore established itself as one of the few manufacturers in its sector that is internationally positioned with an extensive product range and a broad service network. SAF-HOLLAND S.A. has been listed in the Prime Standard of the Frankfurt Stock Exchange since June 2007 and has been in the SDAX since December 2010. Contact: SAF-HOLLAND GmbH Claudia Hoellen Hauptstraße 26 63856 Bessenbach Phone +49 6095 301-617 claudia.hoellen@safholland.de End of Corporate News --------------------------------------------------------------------- 25.09.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: SAF-HOLLAND S.A. 68-70, boulevard de la Pétrusse L-2320 Luxembourg Grand Duchy of Luxembourg Phone: +49 6095 301 - 0 Fax: +49 6095 301 - 260 E-mail: info@safholland.de Internet: www.safholland.com ISIN: LU0307018795 WKN: A0MU70 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 186373 25.09.2012
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