SAF-HOLLAND S.A.: SAF-HOLLAND and the Schwarzmüller Group conclude 5-year contract for trailer axles
SAF-HOLLAND and the Schwarzmüller Group conclude 5-year contract for trailer axles
- Lifetime sales volume: low three-digit millions
- Contract period: 2019 to 2023
- Strengthening the market leadership in Europe
Bessenbach, April 17, 2019. The SAF-HOLLAND Group ("SAF-HOLLAND"), one of the leading suppliers of truck and trailer components, and the Austrian company Wilhelm Schwarzmüller GmbH, one of Europe's largest full-service providers for utility commercial vehicles, have concluded a contract for the delivery of trailer axles with a contract value in the low three-digit million range.
SAF-HOLLAND succeeded in prevailing against strong competition. "We are very delighted about the trust placed in us by our client and with its belief in our team and our product solution," says Alexander Geis, CEO of SAF-HOLLAND.
In concluding this contract, SAF-HOLLAND has been awarded one of the largest orders for trailers axles recently put out for tender. "In this context, I would like to emphasize the 5-year contract period, which is above-average for our industry, as well as the fact that, during the entire contract period, we will be delivering more than 75 percent of the total volume put out for tender by the Schwarzmüller Group," says Alexander Geis.
This major order strengthens SAF-HOLLAND's leading market position in trailer axles in Europe and is another milestone on the Company's road to achieving the sales and earnings targets set out in its "Strategy 2020".
Roland Hartwig, CEO of the Schwarzmüller Group, explains: "SAF-HOLLAND has been a reliable partner of ours for a long time. The crucial factors in our decision to award the contract to SAF-HOLLAND were its outstanding product and service quality, on-time delivery and, ultimately, the overall package."
SAF-HOLLAND S.A., located in Luxembourg, is the largest independent listed supplier to the commercial vehicle market in Europe delivering mainly to the trailer markets. With sales of approximately EUR 1,301 million in 2018, the Company is one of the world's leading manufacturers and suppliers of chassis-related systems and components primarily for trailers, trucks, buses, and recreational vehicles. The product range comprises axle and suspension systems, fifth wheels, kingpins, and landing gear marketed under the brands SAF, Holland, Neway, KLL, V.Orlandi and York. SAF-HOLLAND sells its products to Original Equipment Manufacturers (OEM) on six continents. The Group's Aftermarket business supplies spare parts to the service networks of Original Equipment Suppliers (OES), as well as to end customers and service centers through its extensive global distribution network. SAF-HOLLAND is one of the few suppliers in the truck and trailer industry that is internationally positioned in almost all markets worldwide. With the innovation campaign "SMART STEEL - ENGINEER BUILD CONNECT" SAF-HOLLAND combines mechanics with sensors and electronics and drives the digital networking of commercial vehicles and logistics chains. More than 4,400 committed employees worldwide are already today working on the future of the transportation industry.
Michael Schickling Head of Investor Relations and Corporate Communications Tel: +49 (0) 6095 301 email@example.com
This press release contains certain future-oriented statements that are based on current assumptions and forecasts made by the management of SAF-HOLLAND S.A. Various known and unknown risks, uncertainties and other factors may lead to the actual results, financial position, development or performance of the company deviating considerably from the appraisals specified here. The company assumes no obligation to update future-oriented statements of this nature or adapt them to future events or developments.
This announcement is for information purposes only and does neither constitute an offer to sell, purchase, exchange or transfer any securities nor a solicitation of any offer to sell, purchase, exchange or transfer any securities. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. SAF-HOLLAND S.A. does not intend to register any securities referred to herein under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with this announcement.Contact: SAF-HOLLAND GmbH Michael Schickling Hauptstraße 26 63856 Bessenbach Phone +49 6095 301-617 Michael.Schickling@safholland.de
17.04.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: SAF-HOLLAND S.A. 68-70, boulevard de la Pétrusse L-2320 Luxembourg
Luxemburg Phone: +49 6095 301 - 0 Fax: +49 6095 301 - 260 E-mail: firstname.lastname@example.org Internet: www.safholland.com ISIN: LU0307018795, , WKN: A0MU70 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 800995 End of News DGAP News Service