- The acquisition of Concentric, as announced today, is the first step in the strategic plan to optimize the Group structure and creates a strong Hydraulic Systems division within Haldex
- The Board of Haldex will continue to explore various strategic options relating to the Haldex Group structure to form competitive units with good prospects
- Haldex is presently assessing various options for Garphyttan Wire, including a potential sale of the business
Strategic Options Relating to the Haldex Group Structure
Haldex has a long tradition of being an innovator in selected areas. The requirements of the vehicle industry demands that innovation must be combined with strong market positions. Against this background, the Board of Directors of Haldex has decided to focus on segments where the Group can achieve sustainable market positions based on innovative and leading products, providing a foundation for sustainable growth and good profitability. As part of this strategy, Haldex will actively evaluate structural options in order to form competitive units with good prospects.
The acquisition of Concentric fits with this focus and is highly complementary to Haldex’ current offering in the diesel engine product area with a focus towards products for emission reduction and fuel efficiency. The stringent environmental requirements on engine manufacturers support the development prospects within this segment.
On the same basis, other areas within Haldex are under continuous review. For those areas where Haldex considers that more shareholder value can be created either through cooperations with other companies through complementary acquisitions or by divestment such solutions will be actively analysed.