Haldex enters into global supply agreement for automatic brake adjuster

Haldex AB, a provider of proprietary solutions to commercial vehicle industry, has entered into a long-term agreement with a global truck manufacturer for the continued global supply of Haldex automatic brake adjuster.

The total value of the agreement is SEK350 million over a five-year period. Haldex, since the early 1970's is delivering this truck manufacturer the automatic brake adjuster.

The company said that, Automatic Brake Adjuster has generated jobs for thousands over several decades. Now the product is manufactured in Sweden, US, Brazil, India and China serving customers on a regional basis.