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SAP offers to buy Swiss-based SAF

BERLIN - Germany's SAP AG today offered to buy SAF Simulation, Analysis and Forecasting AG, a Swiss-based developer of ordering and forecasting software, for euro11.50 ($16.22) a share.

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BERLIN - Germany's SAP AG today offered to buy SAF Simulation, Analysis and Forecasting AG, a Swiss-based developer of ordering and forecasting software, for euro11.50 ($16.22) a share.

Business software maker SAP said it has a "long history of successful cooperation" with SAF but currently holds no shares in the Taegerwilen, Switzerland-based company.

SAP said its offer represents a 9.5 percent premium on the stock's closing price Friday.

Walldorf-based SAP, which has operations in Newtown Square, Delaware County, did not give the total value of the offer but said both of SAF's major shareholders, who together hold about 38 percent of the company, had agreed to accept it.

SAF, which has about 100 employees, focuses on developing ordering and forecasting software for the retail, logistics and industrial sectors.

SAP said it views the retail and wholesale industries as "an important market with significant growth potential."

"We will tie together our strengths in development and sales and thus help meet the increasing needs of current and future customers," SAF chief executive Andreas von Beringe said in a statement.