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Haldex and Master Announce Strategic Partnership in Brazil

Haldex and Master Sistemas Automotivos Limitada, have signed a long term
collaboration agreement in which the companies undertake to cooperate in the
manufacturing, sales and technical support of commercial vehicle trailer
anti-lock systems for pneumatic brakes (Trailer ABS) for the Brazilian market.
 
In Brazil a new legislation will be introduced starting 2013 requiring all new
trailers to be 100% equipped with ABS systems by 2014. The annual trailer
production volume in Brazil amounts to 60,000 vehicles.
 
By sharing Haldex premium ABS products and Master’s premium product line, highly
recognized customer service and training network, the partnership illustrates
the desires of both companies to offer the customers the highest quality and
excellence in customer service.
 
“This agreement creates a platform for accelerated growth on the Brazilian
Trailer market, meeting the upcoming demands due to the new legislation", Jay C.
Longbottom, EVP Air Controls Business Unit, says. “Our premium product is
complemented by Masters premium product line, highly recognized customer service
and training network, we will be able to ensure a safe and high quality
introduction of this new Trailer ABS technology “.
 
Alexandre D. Gazzi, MD, Master Sistemas Automotivos Limitada stated: “Masters is
committed to cooperating with Haldex for a long term partnership for the success
of both companies and above all, to the benefit of our customers.”
 
Background
 
Haldex headquartered in Landskrona, Sweden, is a provider of proprietary and
innovative solutions to the global comercial 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 3.7 billion SEK in 2010. The number of employees amounts to about 2,200.
 
Haldex do Brasil Ind e Com Ltda, founded in 1992 and presently consolidating all
its activities to São José dos Campos in the state of São Paulo, is serving the
South American market with mainly Haldex automatic brake adjuster and trailer
valves. The number of employees is about 160.
 
Founded in 1986 Master Sistemas Automotivos Ltda is the largest manufacturer of
brakes for trucks, buses and trailers in Brazil. Located in Caxias do Sul / RS –
Brazil and with about 1,300 employees, Master is a joint venture between two
leaders in the automotive and road equipment segment - Randon S.A. Implementos e
Participações, based  in Caxias do Sul, and Meritor Inc., located in Troy,
Michigan, USA. The company also plays in the export and aftermarket businesses.
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