The Holland Group and Bessenbach, Germany-based Otto Sauer Achsenfabrik GmbH — commonly known as SAF — announced they have signed a definitive agreement to merge the two companies.
SAF is a supplier of integrated axle and suspension systems for trailers. Holland, MI-based Holland Group is a supplier of coupling, lift and suspension systems for trucks, tractors and trailers. Terms of the arrangement were not disclosed.
After the merger, the two companies will be subsidiaries of SAF-Holland Group GmbH, to be headquartered in Bessenbach, with combined annual turnover of approximately $975 million. The company will employ 3,000 people globally and its combined product portfolio will be marketed under the Holland and SAF brand names.
www.thehollandgroupinc.com and to http://saf-achsen.de
