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[October 2001]
Haldex Acquires Cutting Edge Technology
Haldex Hydraulic Systems, a division in the Haldex Group, has acquired all patents and other assets from the Canadian R&D company Micro Hydraulics Inc.
For several years, Micro Hydraulics has been involved in the research and development of technology for energy management and motion control, which has resulted in advanced design of electrohydraulic systems for mobile applications.
The acquisition encompasses a new, advanced concept for electronic control of hydraulic systems as well as a product range at a prototype stage consisting of compact, modular hydraulic components that have been designed around the new control concept of integrated electronics and software.
Haldex says that the acquired technology is expected to put it in the forefront of electronically controlled electrohydraulic systems and will position the company well to participate in the technology of energy management and motion control utilising hydraulics with integrated electronic controls.
It says that the world market for applications of the acquired technology can be estimated at US$500 million annually and that it offers Haldex Hydraulics significant growth opportunities with its existing customer base.
ENDS