SAF-Holland
Saying goodbye to a friend
SURREY, BC - Today the British Columbia trucking family will say goodbye to one of their own. Long-time friend and pillar of the community Kenneth John Tanner, 65, branch manager of the SAF-Holland Surrey, B.C. facility and sales representative for Western Canada and Alaska, passed away suddenly Oct. 15.
ZF tops SAF-Holland bid for Haldex
STOCKHOLM, SWEDEN - ZF Friedrichshafen AG has outbid SAF-Holland in the race to buy Haldex, which produces brakes and air suspensions for heavy trucks, trailers and buses. The cash deal worth 100 kronor (CDN $15.33) per share has been approved by the Haldex Board of Directors, and values Haldex at $670 million. The cash deal worth 100 kronor (CDN $15.33) per share has been approved by the Haldex Board of Directors, and values Haldex at $670 million. It is still subject to regulatory approval. SAF-Holland had made its unsolicited bid last month, offering about $14.25 per share. Just last year, ZF purchased U.S.-based TRW, and has since said that it aims to provide a full lineup of commercial vehicle systems needed for autonomous trucks - all part of a corporate vision that has been dubbed "See-Think-Act".
