Autoliv Expanding in Passive Safety Market
(Stockholm, April 9, 2010) --- Autoliv Inc. (NYSE: ALV), the worldwide leader in automotive safety, has agreed to acquire Delphi’s Pyrotechnic Safety Switch (PSS) assets in Europe. These assets are expected to generate close to $10 million USD of annualized sales in 2010.Under the terms of the agreement announced today, Autoliv will acquire certain assets relating to the Delphi PSS business in Europe. The transaction includes intellectual property and physical assets serving customers such as Daimler, Audi and Porsche. In the event of an accident, the pyrotechnic safety switch (PSS) or “