Haldex completes acquisition
Haldex completes acquisition After clearing by the relevant authorities, Haldex has per January 14, 2002, completed the acquisition of the brake chamber and suspension valve businesses from Holland Neway International, Inc. The acquired operations, with manufacturing in Mexico and in the U.S., respectively, are now being integrated in the Haldex Brake Systems division. The acquisition further strengthens Haldex market position and adds yearly sales of approximately $50 million. The acquisition is estimated to add $2-3 million to the Haldex Group's 2002 earnings before tax. A more complete