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DGAP-News: SAF-HOLLAND SE / Key word(s): Miscellaneous
SAF-HOLLAND selected to supply rear air suspensions for the VW electric truck in Brazil
Bessenbach, August 11, 2020. SAF-HOLLAND, a leading global manufacturer of fifth wheels, trailer axle and suspension systems, truck suspensions, landing gear, and coupling products, via its subsidiary KLL Equipamentos para Transporte S/A (KLL) and the Brazilian company VW Caminhões e Ônibus have concluded a multi-year contract for the delivery of the rear drive air suspensions for the new VW electric truck e-Delivery in Brazil. KLL brand will provide rear drive air suspensions for two different vehicle versions: 4x2 and a 6x2 model featuring a liftable tag axle.
KLL succeeded in prevailing against strong competition. "We are very delighted about the trust placed in us by our client and with its belief in our team and our product solution," says Juarez Keiserman, President of KLL.
KLL suspensions are manufactured in Alvorada, Rio Grande do Sul. KLL is one of the leading suppliers of suspension systems for trucks, buses, and trailers in South America. The company's customers include nearly all of the major manufacturers in the Brazilian commercial vehicle market.
The VW e-Delivery is the first zero emission electric truck 100 percent developed in Brazil. VW Caminhões e Ônibus has a purchase intention of a total of 1,600 vehicles over the next years. The SOP is scheduled for 2021. In preparation for that, the VW e-Delivery truck is currently running engineering and customer testing under real conditions on the streets, reducing CO2 emissions and saving diesel.
In addition to extremely low vehicle noise and zero emissions, comfort is ensured by the unique KLL rear air suspension system. The air ride system makes the on-board experience more comfortable for the driver, reducing fatigue and helping to increase operation productivity.
SAF-HOLLAND SE, located in Bessenbach, is the largest independent listed commercial vehicle supplier in Europe and primarily supplies the trailer markets. With sales of around EUR 1,284 million in 2019, the Company is one of the leading international manufacturers of chassis-related assemblies and components, primarily for trailers and trucks. In addition to axle and suspension systems, the product range includes fifth wheels, coupling systems, kingpins and landing legs, which are sold under the SAF, Holland, Neway, KLL, V.Orlandi and York brands. SAF-HOLLAND supplies original equipment manufacturers (OEM) on six continents. In the Aftermarket business, the Group supplies replacement parts to manufacturers' service networks (OES) and, with the help of distribution centers, to end customers and service centers via an extensive global sales network. SAF-HOLLAND has a broad international base and is present in almost all markets worldwide. With the innovation offensive "SMART STEEL - ENGINEER BUILD CONNECT", SAF-HOLLAND combines mechanics with sensors and electronics and is driving forward the digital networking of commercial vehicles and logistics chains. Around 3,000 committed employees worldwide are already working on the future of the transport industry today.
This press release contains certain future-oriented statements that are based on current assumptions and forecasts made by the management of SAF-HOLLAND SE. Various known and unknown risks, uncertainties and other factors may lead to the actual results, financial position, development or performance of the company deviating considerably from the appraisals specified here. The company assumes no obligation to update future-oriented statements of this nature or adapt them to future events or developments.
This announcement is for information purposes only and does neither constitute an offer to sell, purchase, exchange or transfer any securities nor a solicitation of any offer to sell, purchase, exchange or transfer any securities. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. SAF-HOLLAND SE does not intend to register any securities referred to herein under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with this announcement.
11.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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