SAP, one of the business software solution majors, has submitted an offer for the purchase of all shares in SAF Simulation, Analysis and Forecasting.
In a note in the Investor Relations column today, the German company said, Last evening, SAP AG (SAP or Bidder) decided to offer to the shareholders of SAF Simulation, Analysis and Forecasting AG ("SAF AG"), by way of a public offer, to purchase ("Offer") the shares in SAF AG ("SAF AG Shares") held by them. The offer will be subject to the terms and conditions to be indicated in the offer document, in particular the offer will be subject to the clearance of the German Antitrust Authority.
SAP said it wants to offer the shareholders of SAF Simulation, Analysis and Forecasting a nominal amount of CHF 0,04 per share by way of a public offer in return for payment of an amount of EUR 11.50 per share , subject to the provisions of the offer document.
The two majority shareholders of SAF, Andreas von Beringe, president of the board of directors of SAF Simulation, Analysis and Forecasting AG, and Gerhard Arminger committed themselves to accept the offer for all SAF AG shares held by them, i.e. for a total of 2,094,130 SAF shares (approximately 37.8% of the share capital) under certain conditions, in particular for a bid price of at least EUR 10.50 per share, SAP wrote.
SAF s Chronological Evolution
1996
Establishment of SAF AG
dm-drogerie markt becomes first client
1997
Development of SuperStore as first standard software
1999
Technology Award Euregio
1st round of financing Metro licenses SuperStore
2000
2nd round of financing
Extension of product line by SuperWarehouse
2001
Best Swiss Start-up (Magazine "Bilanz")
2002
OEM partnership with SAP
Cooperation with SofTechnics, USA
2004
SAF awarded to be amongst Top 50 Ventures in Switzerland
2005
First direct US client: Hannaford Brothers
Foundation of SAF U.S.A., Inc.
2006
Logistics Service Award (BVL)
Listing on Frankfurt Stock Exchange
Foundation of SAF Slovakia s.r.o.
Service-Partnership with SAP Deutschland AG
First customer in New Zealand
2007
SAF RetailSuites as new product generation
2008
USA: Top Five Retailer signs contract
A total of 74 retailers have licensed SAF technology till date.
