KANSAS CITY, Mo. — The Haldex Group has signed a definitive agreement to acquire the Anchorlok air brake actuator and Neway suspension control valve businesses from the Holland Group.
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 and technologies globally. The acquisition is subject to approval from relevant regulatory authorities.
“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,” says Claes Warnander, chief executive officer of Haldex Group. The combined worldwide sales of the acquired businesses are in the range of US$50 million.
“Together with recent market success in other product areas, it demonstrates the ability of Haldex to grow and solidify its market and technology positions even during downturns in the business cycle of the commercial vehicle industry.”
Haldex Brake Systems will continue the use of the Anchorlok and Neway brand names for the foreseeable future, according to the new corporate parent. The management teams of the two acquired businesses will also join Haldex Brake Systems, and continue to have responsibility for their current operations.
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