Haldex says the agreement further strengthens its already strong market position for trailer air disc brakes in Europe.
Haldex has updated its financial growth target to organically grow faster than the company’s end markets.
Detlef Borghardt and Dzeki Mackinovski were elected to the board on Dec. 29, 2020.
Saks has extensive experience from leading finance roles in companies with significant international operations.
The Wielton Group manufactures approximately 16,000 vehicles per year.
Frankiewicz will simultaneously step in as the vice chairman of the Heavy Duty Business Forum (HDBF), a working group of the HDMA.
By co-locating the production of brake adjusters within the company’s largest production facility globally, and thereby producing more products in one facility, Haldex says economies of scale are achieved.
It was after the stock exchange’s closing on Thursday, Sept. 19 that ZF announced it was initiating the process of divesting its holding in Haldex.
Earlier this summer, Haldex discovered that a person who no longer worked for the company had entered the company’s servers and downloaded a large amount of files with information that includes corporate secrets of a primarily financial nature.
Haldex’ President and CEO Åke Bengtsson summed up 2018 as the year when the development of new technology gained momentum.
Through this agreement, Haldex will sell products under the “Midland” brand, undertaking primary sales, marketing and distribution activities.