SAP has acquired majority shareholding in SAF Simulation, Analysis and Forecasting, a provider of forecasting and replenishment software for the retail and wholesale industries.
According to SAP, by the end of the acceptance period on August 28, 2009, SAP’s offer was accepted for 3,168,205 shares in SAF. In addition, SAP acquired 328,046 SAF shares on the stock exchange since the beginning of the acceptance period and now holds 3,496,251 SAF shares in total. This corresponds to approximately 63.12% of the share capital and the voting rights of SAF.
SAP said that the takeover further extends and complements its current planning, forecasting and replenishment solution portfolio for retail and wholesale companies. Core components of the SAF software have been embedded into the SAP for Retail solutions since 2002.
The German Federal Cartel Office has approved the merger on August 4, 2009. SAF shareholders who have not yet accepted the offer of EUR11.50 per share can do so during the extended acceptance period from 4-18 September.
SAF offers three core software products: SuperStore and SuperWarehouse, targeted at automated goods replenishment for the retail sector, and SuperForecast for forecast-based planning across all industries. SAF employs conceptual demand chain management approach that allows the process chain to be controlled and optimised by the customer’s buying behavior.
