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Haldex snaps up Midland-Grau's heavy-duty arm

26th February 1998
Page 21
Page 21, 26th February 1998 — Haldex snaps up Midland-Grau's heavy-duty arm
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• Swedish vehicle products supplier Haldex Group has bought Midland-Grau Heavy Duty Systems, a division of Echlin Inc of America.

Midland-Grau makes ABS systems, air brake systems, clutch, suspension and coupling components. It has annual sales of around US$330m (£200m).

The deal includes Midland-Grau's UK plants at Redditch and Blackburn, and at Heidelberg and Regensberg in Germany. It is subject to regulatory approval and will make the enlarged Haldex/ Midland group's brake systems division one of the world's largest suppliers of heavy vehicle braking equipment.

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