Global trailer and truck component supplier, SAF-Holland SE, has acquired the balance 40 per cent share in Haldex ANAND India Private Limited (Haldex India) from its joint venture partner the ANAND Group.
Founded in 1996, Haldex India became part of SAF-HOLLAND through the acquisition of a 60 per cent share following the Haldex takeover.
It is a leading manufacturer in India of automatic and manual brake adjusters and products for pneumatic braking systems for trucks and trailers.
The acquisition of the outstanding Haldex India shares, effective from 11 April 2025, is an important step in SAF-Holland’s ‘drive2030’ strategy to further strengthen its market position in the Indian commercial vehicle market and to better utilise the growth prospects.
The complete takeover of the company will also simplify the localisation of the entire Haldex product portfolio in India.
As part of the takeover, SAF-Holland will seek to intensify its cooperation with York in the area of sales and distribution network.
York is a leading supplier of axle and suspension systems for trailers in India and has been part of the SAF-Holland Group since 2018.
SAF-Holland SE Management Board Chairman and CEO, Alexander Geis, said the buyout was part of the company’s approach to the Indian commercial vehicle market as a “strategic growth market for SAF-Holland”.
“Major infrastructure investments, overall economic growth and continued urbanisation are driving long-term demand for heavy trucks, construction equipment and trailers,” said Geis.
“By strengthening the cooperation between our Indian subsidiaries, we can serve our customers even better. This applies to both the original equipment and also the important aftermarket business.
“The new setup is a key part of reaching the ambitious growth targets for 2030 outlined in drive2030.”
Although not disclosed, the purchase price of the transaction was in the lower double-digit million-euro range.
Read more SAF-Holland news:
