This is the third public offer for Haldex since 14 July 2016, and would create what Knorr-Bremse describes as “one of the leading systems suppliers with a clear focus on the commercial vehicle business and attractive growth opportunities for both companies”.
Knorr-Bremse board chairman Klaus Deller says that Haldex’s acknowledged global position in brake and air suspension components for trailers ideally complements Knorr-Bremse’s portfolio, in terms of braking, steering and powertrain systems, as well as driver assistance systems and telematics.
“Both our companies share a tradition in the commercial vehicle industry with innovation at the heart, making this a very natural combination,” insists Deller.
“We would bring in our strong expertise in the truck market, global technological leadership, and the long-term perspective of a family-owned business,” he continues.
“We aim at creating a world class systems supplier for commercial vehicles serving our customers as a single source for an even wider range of innovative systems, connected solutions and customized services.”
Knorr-Bremse’s takeover bid is subject to the usual conditions, including an acceptance ratio of more than 90% of all outstanding Haldex shares and regulatory approval.
The acceptance period is expected to begin around 27 September 2016.