LANDSKRONA, Sweden / BESSENBACH, Germany – SAF-Holland Group’s cash-offer to purchase Haldex has been accepted by the Swedish company’s Board of Directors. In addition, Knorr-Bremse has agreed to sell its shares of the producer of braking and suspension components for heavy trucks, buses and trailers to SAF-Holland, thus opening the way for the latter’s taking control of Haldex.

According to an announcement by Haldex, “Completion of the Offer is conditional upon, among other things, SAF-HOLLAND becoming the owner of more than 90 per cent of the total number of shares in Haldex and the receipt of all necessary regulatory, governmental or similar clearances, approvals and decisions, including from competition authorities, in each case on terms which, in SAF-HOLLAND’s opinion, are acceptable. SAF-HOLLAND has reserved the right to waive these and other conditions for completion of the Offer.

“SAF-HOLLAND has acquired 14.1 per cent of the outstanding shares in Haldex of which 9.2 per cent of the outstanding shares have been acquired from Knorr-Bremse AG.”

The Bessenbach, Germany based SAF-Holland has offered approximately $325 million (3.2 billion Swedish crowns) for the shares it does not own. In addition, it has agreed to pay Knorr-Bremse approximately €28 million for its 9.2 percent of Haldex shares.

The acceptance period of the SAF-Holland offer is expected to commence around 4 July 2022 and expire around 16 August 2022, subject to any extensions.

Completion of the offer is conditional upon, among other things, SAF-HOLLAND becoming the owner of more than 90 per cent of the total number of shares in Haldex and the receipt of all necessary regulatory, governmental or similar clearances, approvals and decisions, including from competition authorities, in each case on terms which, in SAF-HOLLAND’s opinion, are acceptable. SAF-HOLLAND has reserved the right to waive these and other conditions for completion of the offer.

About SAF-Holland SE

SAF-HOLLAND SE is a leading international manufacturer of chassis-related assemblies and components for trailers, trucks and buses. The product range includes, among other things, axle and suspension systems for trailers as well as fifth wheels for trucks and coupling systems for trucks, trailers and semi-trailers.

In addition, SAF-HOLLAND develops innovative products to increase the efficiency, safety and environmental friendliness of commercial vehicles. The focus here is on the digitalization and networking of trailers as well as the electrification of axles.

The products and solutions are marketed under the brands SAF (founded in 1881), Holland (established in 1910), V.Orlandi, TrailerMaster, Neway, KLL and York. SAF-HOLLAND supplies original equipment to vehicle manufacturers on six continents.

In the aftermarket business, the company supplies spare parts to the manufacturers’ service networks as well as to wholesalers and, through an extensive global distribution network, to end customers and service centers.

Approximately 3,600 employees worldwide are working on the future of the transport industry. SAF-HOLLAND shares have been listed in the Prime Standard of the German Stock Exchange since 2007 and are part of the SDAX selection index.