SAP intends to make a public tender offer to purchase all shares in SAF Simulation, Analysis & Forecasting, one of the global forecasting and replenishment software leaders in the retail and wholesale industries.
Through the intended acquisition, SAP plans to further extend and complement its current planning, forecasting and replenishment solution portfolio for retail and wholesale companies.
The companies have a long history of successful cooperation based on an original equipment manufacturer (OEM) partnership. At present, SAP does not hold any shares in SAF AG.
SAP intends to offer SAF shareholders an amount of E11,50 per share, which represents a 9,5% premium according to the XETRA closing price for the SAF share on 17 July and a 33,9% premium to the volume-weighted average price of the SAF shares in XETRA trading on the Frankfurt Stock Exchange over the past three months.
The offer will be made subject to a minimum acceptance threshold of 50% plus one share and the approval of the responsible anti-trust authorities.
Both major SAF shareholders, who together hold about 38% of the shares in SAF, have agreed to accept the SAP offer.
SAF specialises in the development of ordering and forecasting software for the retail, logistics and industrial sectors. The company employs the innovative conceptual demand chain management approach, which allows the process chain to be controlled and optimized by its central driving force – the customer’s buying behaviour.
SAF‘s three related core products are software engines: SAF SuperStore and SAF SuperWarehouse, targeted at automated goods replenishment for the retail sector, and SAF SuperForecast that can be used for forecast-based planning across all industries.
SAF‘s software makes it possible to fully automate replenishment processes and ensure their reliability using forecasted future demands.