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SAF-HOLLAND S.A. announces all-cash offer for Haldex to create a new integrated champion for chassis-related commercial vehicle components - Seite 2

Detlef Borghardt, CEO of SAF-HOLLAND, said: "The proposed combination of
SAF-HOLLAND and Haldex has a compelling strategic rationale and clearly
delivers on our 'Strategy 2020'. With our highly complementary businesses,
we would form a new integrated champion for chassis-related commercial
vehicle components and serve our customers' increasing demand for aggregate
solutions even better. Together, we would form a one-stop shopping solution
provider for a wide range of components, from Electronic Braking System
modules installed together with brakes to axles systems combined with
suspensions. In addition, the transaction would significantly strengthen
the aftermarket position of the combined group and allow both companies to
jointly establish a clear front-runner position in the high-margin, low-
cyclical aftermarket business."

Haldex is a supplier of brake and suspension systems for commercial
vehicles. Its customer base includes manufacturers of heavy trucks, buses
and trailers, and axle manufacturers for these types of vehicles as well as
workshops serving the aftermarket. The product portfolio of Haldex
comprises all of the main components and sub-systems included in a complete
brake module or axles and suspension system for a commercial vehicle.
Haldex operates an R&D and engineering center in Sweden and production
sites in Brazil, China, Germany, Hungary, India, Mexico, Sweden and the
United States. In 2015, the Haldex Group had around 2,100 employees
generating sales of c. EUR 511 million*.

The combined group would benefit from a substantially expanded product
portfolio and become one of the Top 3 providers for nine product categories
in both North America and Europe, including brake slack adjustors, disc
brakes, brake cylinders as well as axles and suspension systems. The
combined product portfolio is very well positioned to combine mechanical
modules with sensors and electronics capability to provide for the
digitization of trailers, trucks and buses. Furthermore, both companies
could unlock additional growth potential by combining their know-how and
capabilities in product development and engineering. With its complementary
regional footprint, Haldex would also further enhance SAF-HOLLAND's
international presence, in particular in the emerging markets of Latin
America and Asia.

Following the combination of the already strong aftermarket activities of
both companies, the new group would have a sweet spot and an even better
position in the highly attractive and low-cyclical aftermarket business;