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SAF Offers $495 Million for Haldex in Truck-Parts Combination

  • Haldex considering SAF proposal and cites competing offer
  • SAF sees combination competitive as big rigs link to Internet

SAF-Holland SA offered 4.2 billion kronor ($495 million) to buy Haldex AB, a combination of truckmaking suppliers that could help match mechanical parts with sensors and electronic components as big rigs increasingly link up to the internet.

SAF made a cash bid of 94.42 kronor for each share in the Swedish brakes and air suspension systems maker, a premium of 11 percent over the closing price before the proposal, the Luxembourg-based suitor said Thursday in a statementHaldex said it’s considering the unsolicited offer and has also received a “credible non-binding proposal” from a third party.