SAP Acquires SAF AG

SAP AG announced that the company acquired the majority shareholding in SAF Simulation, Analysis and Forecasting AG (SAF), a global forecasting and replenishment software company in the retail and wholesale industries.

By the end of the acceptance period on August 28, SAP's offer was accepted for 3,168,205 shares in SAF. In addition, SAP acquired 328,046 SAF shares on the stock exchange since the beginning of the acceptance period and now holds 3,496,251 SAF shares in total. This corresponds to approximately 63.12 percent of the share capital and the voting rights of SAF.

With clearance of the offer by the German Federal Cartel Office on August 4, and by obtaining the minimum acceptance level of 50 percent of the share capital plus one share, all conditions specified for this offer have been met so that the further execution can occur as scheduled. SAF shareholders who have not yet accepted the offer of EUR 11.50 per share can do so during the extended acceptance period from September 4-18, concluding at 24 hours CET.

SAF specializes in the development or ordering and forecasting software for the retail, logistics and industrial sectors. The company employs the conceptual demand chain management approach that allows the process chain to be controlled and optimized by its central driving force - the customer's buying behavior. SAF offers three core software products: SAF SuperStore and SAF SuperWarehouse, targeted at automated goods replenishment for the retail sector, and SAF SuperForecast which can be used for forecast-based planning across all industries.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

Related terms: acquisition, federal, industrial, products, software, wholesale