Haldex has announced that it has decided to divest its Traction Systems division to BorgWarner for SEK 1,425m (US$208.3m) on a cash and debt free basis. The price is equivalent to nearly 14 times historic earnings. The transaction is conditional on approval from competition authorities. Haldex previously announced in July 2010 Subscribe to Automotive World … Continued
Haldex has announced that it has decided to divest its Traction Systems division to BorgWarner for SEK 1,425m (US$208.3m) on a cash and debt free basis. The price is equivalent to nearly 14 times historic earnings. The transaction is conditional on approval from competition authorities.
Haldex previously announced in July 2010
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https://www.automotiveworld.com/articles/85170-sweden-us-haldex-to-sell-traction-ops-to-borgwarner/
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