Bessenbach, Germany- Saf-Holland SE., a supplier of trailer and truck components, has acquired Assali Stefen Srl., an Italian manufacturer of axle and suspension systems in Verona, Assali Stefen is renowned for its chassis-related components for trailers, semitrailers, and special applications.
With the acquisition of Assali Stefen, Saf-Holland is expanding its product portfolio, including standard and self-steering axles for trailers. This move strengthens its position in the EMEA region and New Zealand. The acquisition aligns with previous acquisitions of KLL (2016) and Tecma Srl, aiming to realize synergies through cross-selling and resource bundling.
Mr. Alexander Geis, Chairman of the Management Board and CEO of Saf-Holland SE, said, "We are pleased to further strengthen our position in the global commercial vehicle supply market with the acquisition of Assali Stefen. By expanding our product range, especially in the specialty axle segment, we can offer our customers even more innovative one-stop-shop solutions."
The purchase price is in the lower double-digit million-euro range. The transaction is expected to complete and be included in Saf-Holland SE's consolidated financial statements in Q3 2024.
About Assali Stefen:
Assali Stefen, founded in 1984 in Verona, Italy, specializes in designing and manufacturing axles and suspensions for trailers, semi-trailers, and special applications. Originally focusing on self-steering and rigid axles, the company expanded in 2011 to include ROR standard axles and suspensions. Known for its flexibility and product customization, Assali Stefen continues to innovate to meet the evolving needs of the transport market.
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