SAF-HOLLAND concludes the largest single order in its history from Kögel Trailer GmbH
SAF-HOLLAND concludes the largest single order in its history from Kögel Trailer GmbH
- Multi-year contract with lifetime sales volume in the low three-digit million range
- Another milestone to achieving the 2020 sales and earnings targets
Bessenbach, April 29, 2019. The SAF-HOLLAND Group ("SAF-HOLLAND"), one of the leading suppliers of truck and trailer components, and the Humbaur Group's Kögel Trailer GmbH, one of the leading trailer manufacturers in Europe, have concluded a multi-year contract for the delivery of trailer axles and landing gears with an envisaged contract value in the low three-digit million range.
Once again, SAF-HOLLAND has managed to prevail over strong competition in a competitive market environment. "We are very pleased that we were able to convince Kögel Trailer GmbH with our offer from both a technical and commercial standpoint," says Alexander Geis, CEO of SAF-HOLLAND.
In concluding this contract, SAF-HOLLAND has won yet another major order for trailer axles and landing gears that was recently put out to tender. For SAF-HOLLAND, this order represents the largest single order in its history. "With this multi-year contract, we want to strengthen our leading market position in trailer axles in Europe, while at the same time moving closer to achieving our sales and earnings targets for 2020," emphasizes Alexander Geis.
Thomas Heckel, Managing Director of Kögel Trailer GmbH, explains: "This contract is another milestone in the long-standing successful cooperation of both companies. SAF-HOLLAND's trailer axles stand out for their durability, maintainability, low operating costs and consistent lightweight construction. SAF-HOLLAND's extensive service network also played an important role in our decision."
About SAF-HOLLAND
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.
Contact
Michael Schickling
Head of Investor Relations and Corporate Communications
Tel: +49 (0) 6095 301 617
michael.schickling@safholland.de
Future-oriented statements
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.
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