Haldex has completed the acquisition of Concentric Haldex completed the acquisition of Concentric yesterday, following approval of the acquisition by the German competition authority. The transaction was disclosed through a press release dated February 22, 2008. Concentric, a world-leading supplier of oil, water and fuel pumps for diesel engines, will sharpen Haldex's focus on leading-edge technology and growth within structurally attractive market niches. Concentric's strong position in markets for oil, water and fuel pumps complements Haldex's existing product area for diesel engines and enhances the offering to the diesel engine market. Concentric will be part of Haldex's Hydraulic Systems Division, whose size will thus increase significantly. Haldex is acquiring Concentric for a cash consideration of GBP 75 million. For further information about the acquisition, reference is made to the press release dated February 22, 2008. For additional information, please contact Joakim Olsson, President and Group CEO, phone. +46 8 545 049 52 or +46 70 545 86 54 or Stefan Johansson, CFO, phone. +46 8 545 049 52 or +46 70 224 24 01. Haldex (www.haldex.com), headquartered in Stockholm, Sweden, is a provider of proprietary and innovative solutions to the global vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Stockholm Stock Exchange and has annual sales of nearly 8 billion SEK with 6,000 employees. Haldex discloses the information in this press release according to the Swedish Securities Market Act and/or the Swedish Financial Trading Act. The information was provided for public release on Wednesday, 2 April 2008.
Haldex has completed the acquisition of Concentric
| Source: Haldex AB