Noerr advises SAF-HOLLAND on corporate acquisitions in Italy and Asia

Noerr has advised SAF-HOLLAND, an SDAX-listed truck and trailer industry supplier, on corporate acquisitions in Italy and Asia. In Italy, SAF-HOLLAND is acquiring a majority stake in the coupling system specialist V.ORLANDI S.pA. SAF-HOLLAND is also taking over the trailer axles/suspension manufacturer York Transport Equipment (Asia) Pte. Ltd., which is headquartered in Singapore and previously belonged to the TATA Group.

By acquiring V.ORLANDI, SAF-HOLLAND is strengthening its position as number two in the European market for fifth wheel couplers. As a first step, SAF-HOLLAND is taking over 70 per cent of the shares in V.ORLANDI which is headquartered in Flero near Brescia. For the remaining 30 per cent, the parties have agreed on a purchase option to be exercised at a later date.

The takeover of York Transport Equipment strengthens in particular SAF-HOLLAND’s presence in the strongly growing Indian transport market and beyond that in the entire Asia-Pacific region. From its production sites in China and India the group supplies most truck and trailer manufacturers in that region. The sellers in this deal are TRF Singapore Pte. Ltd. and TRF Holdings Pte. Ltd.

SAF-HOLLAND relied on a team from Noerr led by its Frankfurt partner Holger Alfes. Acting as lead counsel, Noerr managed and coordinated the transactions internationally. SAF-HOLLAND regularly relies on legal advice from Noerr.

SAF-HOLLAND GmbH: Noerr LLP

Dr Holger Alfes (team lead, Capital Markets/M&A), Dr Till Kosche (both Frankfurt), Dr. Eckhart Schleifenbaum (Munich, both Corporate/M&A), Peter Stauber (Antitrust, Berlin), Associates: Dr Thorsten Becker, Dominique Stütz (Capital Markets, Frankfurt), Tatiana Dovgan (Antitrust, Moscow)

Further law firms acting for SAF-HOLLAND:

Bonelli Erede (Italy), Rajah & Tann (Singapore), Shardul Amarchand Mangaldas (India), Fangda Partners (China), Clayton Utz (Australia)