Haldex AB Elects Jörgen Durban as Chairman of the Board

Haldex AB is a Sweden-based company that develops, manufactures and distributes products for brake and suspension systems for commercial vehicles. Its operations are divided into two product segments: Air Controls and Foundation Brake. Air Controls area develops and manufactures products for dehumidification and regulation of compressed air in brake systems, such as: air dehumidifiers, air purifiers, air suspension systems, valves and electronically regulated subsystems. Foundation Brake area develops and produces the wheel-brake products that provide the actual braking effect, such as disc brakes, automatic brake adjusters, fordrum brakes and electronic sensor systems. Its customers include manufacturers of heavy trucks, buses and trailers as well as axle manufacturers for these types of vehicles. As of December 31, 2013, the Company owned shares in 23 subsidiaries and affiliates.