EANS-Adhoc: SAF AG
SAP AG plans merger and integration of SAF Simulation,
Analysis and Forecasting AG
15.07.2011 – 16:24
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 15.07.2011 Tägerwilen/Switzerland, July 15, 2011. SAP AG has informed SAF Simulation, Analysis and Forecasting AG ("SAF"), which is listed on the Prime Standard of the Frankfurt Stock Exchange (ISIN CH0024848738), of its intention to combine SAF's business with that of SAP (Schweiz) AG (SAP's Swiss subsidiary) by way of a merger. As part of the merger, minority shareholders of SAF would receive an adequate cash set-tlement as compensation. Trading in SAF shares on the Frankfurt Stock Exchange will be discon-tinued upon the company's dissolution pursuant to the merger. Following completion of the required preparatory steps, the merger is to be approved by an Extraordinary Shareholders' Meeting to take place in the course of this year. SAP AG also informed SAF that SAF's current locations and staff would be retained. The Board of Directors of SAF will evaluate the merger project and intends to disclose further details in due time. End of ad-hoc release ========================================================= About SAF AG: SAF Simulation, Analysis and Forecasting AG specializes in the development of automated ordering and forecasting software for retailers and industrial manufacturers. SAF deploys the demand chain management approach, which controls replenishment planning based on consumer demand patterns. SAF software assists users to realize substantial cost savings and optimizes general logistics conditions through its simulation capabilities. As a result, significant competitive advantages are achieved along the entire value chain: lower inventories, improved product availability, and last, but not least, a higher level of customer satisfaction. SAF AG was established in 1996 by Dr. Andreas von Beringe and Prof. Dr. Gerhard Arminger. SAF shares are listed at the official market (Prime Standard) at the Frankfurt Stock Exchange (FWB). Today, the company employs approx. 100 people. Consolidated sales revenues for fiscal year 2010, according to IFRS statements, were EUR 15.6 million with consolidated profit of EUR 1.4 million. SAP AG currently holds approx. 94 percent of SAF´s shares. SAF´s products are distributed in many European countries as well as in the United States. The company is headquartered in Tägerwilen, Switzerland. SAF also has a subsidiary in the United States: SAF Simulation, Analysis and Forecasting U.S.A., Inc., Irving and in Slovakia, Bratislava: SAF Simulation, Analysis and Forecasting Slovakia s.r.o. with the focus on Nearshore-Development. Forward Looking Statements and Estimates: This information contains forward looking statements based on assumptions and estimates of SAF's Man-agement Board. Although we assume the expectations in these forward looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward looking statements. Factors that may cause such discrepancies include, among other things, risks that are mentioned in the annual report 2010. SAF does not plan to update the forward looking statements, nor does it assume the obligation to do so. Further inquiry note: SAF AG Investor Relations High-Tech-Center 2, Bahnstrasse 1 CH-8274 Tägerwilen investorrelations@saf-ag.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: SAF AG High-Tech-Center 2 / Bahnstrasse 1 CH-8274 Tägerwilen phone: +41 (0)71 666 79 48 FAX: +41 (0)71 666 79 40 mail: investorrelations@saf-ag.com WWW: http://www.saf-ag.com sector: Software ISIN: CH0024848738 indexes: Prime All Share, Technology All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Stuttgart, Düsseldorf, München language: English