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Haldex signs global supply agreement for the Automatic Brake Adjuster

STOCKHOLM--(BUSINESS WIRE)-- Regulatory News:

Haldex (STO:HLDX) has signed a Long Term Agreement (LTA) with a global truck manufacturer for the continued global supply of Haldex Automatic Brake Adjuster (ABA) to a total value of SEK 350 m over a five year period.

Haldex has signed a Long Term Agreement (LTA) with a global truck manufacturer for the continued supply of Haldex well recognized Automatic Brake Adjuster (ABA). The now signed LTA is valid for the global supply and is in total worth SEK 350 m over a five year period.

Haldex has since the early 1970’s, as a sole supplier, successfully delivered this truck manufacturer the Automatic Brake Adjuster. An important decision point for the now signed LTA is the superior performance and quality that continuously has been delivered over the years. The contract further strengthens Haldex position as the global market leader within this product range.

Earlier this year Haldex celebrated its supply of the 70 millionth Automatic Brake Adjuster. The Automatic Brake Adjuster has generated jobs for thousands over several decades. Today the product is manufactured in Sweden, U.S., Brazil, India and China serving customers on a regional basis.

Haldex (www.haldex.com), headquartered in Landskrona, Sweden, is a provider of proprietary and innovative solutions to the global commercial vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Nasdaq OMX Stockholm Stock Exchange and had net sales of approx 4 billion SEK in 2011. The number of employees amounts to about 2,350.

Haldex AB (publ) is required to publish the above information under the Swedish Financial Instruments Trading Act. The information was submitted for publication on November 6, 2012 at 8.15 am CET.

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Andreas Richter
SVP Sales & Marketing
+46 706 823779
or
Kristina Brink
Corporate Communications Manager
+ 46 705 909140

Source: Haldex