Haldex buys businesses from Holland Group
Dec 14, 2001 12:00 PM
The Haldex Group announced that it has signed a definitive agreement to acquire the Anchorlok air brake actuator and Neway suspension control valve businesses from the Holland Group. The acquisition is subject to approval from relevant regulatory authorities. The acquired businesses will be integrated into Haldex Brake Systems, a division of the Haldex Group. Haldex Brake Systems designs, manufactures and markets commercial vehicle brake and suspension control systems globally. “The acquisition increases the strength of Haldex in these core product areas giving us a leading global position in both market share and product technology,” said Claes Warnander, CEO of Haldex Group. Haldex Brake Systems will continue using the Anchorlok and Neway brand names for the foreseeable future. The management teams of the two acquired businesses will also join Haldex Brake Systems and will continue to have responsibility for their current operations. “The combined organization will be highly focused in developing and delivering new technology and systems solutions for air brake actuation and air suspension control,” added Chuck Kleinhagen, president of Haldex Brake Systems. “Our customers will have access to the most comprehensive range of brake actuator and suspension control products for the broadest range of applications.” The combined worldwide sales of the acquired businesses are in the range of $50 million.
