M & A

SAF Holland: Bounding along to the Far East

Sdax listed SAF Holland, worldwide supplier in the market of goods vehicles has acquired 80% ownership of a Chinese manufacturer of automotive suspension systems. Now, with the participation of Corpco Beijing Technology and Development Co, Ltd. the company, based in Lower Franconia is extending its presence in the world and its range of products to the Chinese market.

Both companies are aiming to take advantage of the synergy in this expanding market for trucks and buses. According to SAF Holland, Corpco’s 18 million turnover in 2012 and 180 staff make it a world leader in its market. The joint venture contemplates purchasing the remaining 20% of Corpco at a later date.

Delticom: acquisition with hot tyres

Delticom AG, on-line tyre vendor has taken over Tirendo, its on-line competitor and start-up company for 50 million Euros cash from the Berliner Inkubator Proect A and from the Jahr publishing house family. The platform, set up in April 2012, will be managed by Delticom, but with its own brand. The company is the on-line leader in Europe in the distribution of tyres and automobile accessories. There are 100 online Delticom shops in 42 countries that serve both a private and commercial clientèle. In the first six months of 2013, the registered turnover was 220 million Euros with EBIT at nine million Euros. At present, Tirendo has a staff of about 100 and its forecast turnover for this year is in excess of 10 million Euros. In the meantime, Tirendo’s former partner, European Media Holding, has acquired a stake in Delticom, again in the market of vehicle tyres. Delticom is Sdax listed.