SAF-Holland S.A., Luxembourg, which supplies key components and systems to the truck and trailer industry, plans to go public on the Frankfurt Stock Exchange this summer with a listing in the Prime Standard segment.
Otto Sauer Achsenfabrik GmbH (SAF), with its headquarters in Bessenbach, near Frankfurt, merged in December 2006 with the U.S. based Holland Group Inc., a company of roughly the same size and a leading manufacturer of fifth wheel couplings and other truck and trailer components. The IPO of the merged entity is intended to accelerate the growth of the combined company, especially in fast-growing markets such as China, Brazil and Eastern Europe.
"We have established outstanding market positions in the North American and European markets in recent years," said Rudi Ludwig, CEO of SAF-Holland. "The IPO will create the conditions for further growth, above all in the highly promising Brazilian, Russian, Indian and Chinese markets."
The company benefits from the transport and logistics industry's attractive and sustainable growth prospects due to worldwide growth in transportation volumes, particularly the increase in East-West road transport in Europe. "Due to a worldwide increase in freight transportation requirements we anticipate significant further growth in revenues and profits in the years ahead," Ludwig said.
Otto Sauer Achsenfabrik GmbH (SAF), with its headquarters in Bessenbach, near Frankfurt, merged in December 2006 with the U.S. based Holland Group Inc., a company of roughly the same size and a leading manufacturer of fifth wheel couplings and other truck and trailer components. The IPO of the merged entity is intended to accelerate the growth of the combined company, especially in fast-growing markets such as China, Brazil and Eastern Europe.
"We have established outstanding market positions in the North American and European markets in recent years," said Rudi Ludwig, CEO of SAF-Holland. "The IPO will create the conditions for further growth, above all in the highly promising Brazilian, Russian, Indian and Chinese markets."
The company benefits from the transport and logistics industry's attractive and sustainable growth prospects due to worldwide growth in transportation volumes, particularly the increase in East-West road transport in Europe. "Due to a worldwide increase in freight transportation requirements we anticipate significant further growth in revenues and profits in the years ahead," Ludwig said.
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