Haldex agrees to acquire Holland Group units

March 1, 2002
Haldex has purchased two business units from the Michigan-based Holland Group. One unit includes the Anchorlok brand air brake actuator product line produced

Haldex has purchased two business units from the Michigan-based Holland Group. One unit includes the Anchorlok brand air brake actuator product line produced in Mexico. The other consists of Neway brand suspension control valve products produced in the United States.

The two acquired units employ 235 persons and together have annual sales of $50 million, 70% in North America and 30% in Europe and other markets. The purchase price is $21.5 million. The acquisition is dependent on clearance from relevant regulatory authorities.

The acquisition is expected to contribute $2 million to $3 million to the Haldex Group's earnings before tax.

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 globally.

Anchorlok and Neway brand names will continue to be used for a period of time. Management teams of the two acquired businesses will also join Haldex Brake Systems and continue to have responsibility for their current operations.

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry during this informative webinar, where experts will share insights on competitive...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!