Stockholm, Sweden, May 24, 2011
As earlier announced, the Haldex Board of Directors has proposed a distribution of the Hydraulic Systems Division to shareholders so that Haldex’s two divisions will become independent, listed companies, conditional upon approval at the AGM to be held on June 8, 2011.
The listing process for the Hydraulics Systems Division is proceeding according to plan. In connection with the listing, the Hydraulics Systems Division will change name to Concentric AB.
A listing prospectus has been published on Haldex web site: www.haldex.com: “Investors” – “Concentric’s Prospectus”.
For further information, please contact Lena Olofsdotter, SVP Corporate Communications +46 8 545 049 63.
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 Nasdaq OMX Stockholm Stock Exchange and had net sales of nearly 6.9 billion SEK in 2010. The number of employees amounts to about 3,800.