SAF-HOLLAND acquires outstanding shares in the Indian joint venture Haldex ANAND India Private Limited

SAF-HOLLAND acquires outstanding shares in the Indian joint venture Haldex ANAND India Private Limited

Bessenbach, April 17, 2025. SAF-HOLLAND SE ("SAF-HOLLAND"), one of the world's leading suppliers of trailer and truck components, acquired the outstanding stake of 40% in Haldex ANAND India Private Limited ("Haldex India") from its joint venture partner ANAND Group effective April 11, 2025. The joint venture company, which was founded in 1996 and became part of SAF-HOLLAND with 60% of the shares following the HALDEX takeover, is a leading manufacturer of automatic and manual brake adjusters and products for pneumatic braking systems for trucks and trailers in India.

The acquisition of the outstanding shares in Haldex India is an important step in SAF-HOLLAND's drive2030 strategy to further strengthen its market position in the Indian commercial vehicle market and to better utilize the growth prospects. Among other things, the cooperation with York, the leading supplier of axle and suspension systems for trailers in India which has been part of the SAF-HOLLAND Group since 2018, is to be intensified, particularly with regard to the sales and distribution network. In addition, the complete takeover of the company simplifies the localization of the entire Haldex product portfolio in India.

"The Indian commercial vehicle market is a strategic growth market for SAF-HOLLAND," says Alexander Geis, Chairman of the Management Board and CEO of SAF-HOLLAND SE, adding, "Major infrastructure investments, overall economic growth and continued urbanization are driving long-term demand for heavy trucks, construction equipment and trailers. By strengthening the cooperation between our Indian subsidiaries, we can serve our customers even better. This applies to both the original equipment and also the important aftermarket business. The new setup is a key part of reaching the ambitious growth targets for 2030 outlined in drive2030."

The purchase price of the transaction is in the lower double-digit million-euro range.

Contact:

Dana Unger      

VP Investor Relations, Corporate & ESG Communications

Tel: +49 6095 301 949

dana.unger@safholland.de

Alexander Pöschl

Senior Manager Investor Relations, Corporate & ESG Communications

Tel: +49 6095 301 117

alexander.poeschl@safholland.de

Michael Schickling

Senior Manager Investor Relations, Corporate & ESG Communications

Tel: +49 6095 301 617

michael.schickling@safholland.de

About SAF-HOLLAND

SAF-HOLLAND SE is a leading international manufacturer of chassis-related assemblies and components for trailers, trucks and buses. An average of around 5,700 dedicated employees worldwide generated sales of EUR 1,877 million in 2024.

The product range includes axle and suspension systems for trailers as well as fifth wheels and coupling systems for trucks, trailers, and semi-trailers as well as brake and EBS systems. In addition, SAF-HOLLAND also develops innovative products to increase the efficiency, safety, and environmental friendliness of commercial vehicles. With the brands SAF, Holland, Haldex, Assali Stefen, KLL, Neway, Tecma, V.Orlandi and York, the Group achieved strong market positions in the top three positions in the most important regions worldwide in 2024.

SAF-HOLLAND supplies manufacturers in the original equipment market on six continents. In the aftermarket business, the Company supplies spare parts to manufacturers’ service networks and wholesalers as well as to end customers and service centers via an extensive global distribution network.

SAF-HOLLAND SE is listed in the Prime Standard of the Frankfurt Stock Exchange and is included in the SDAX (ISIN: DE000SAFH001). Further information is available at www.safholland.com.