Verktygs Allians buys Autoliv's seat components subsidiary
June 14, 2012 - Sweden
Autoliv Inc announced that the Company has sold its subsidiary Autoliv Mekan AB to Verktygs Allians i Hässleholm AB, a privately held company.
This subsidiary with sales of SEK 260 million (US $37 million) manufactures primarily seat components for seats in Volvo vehicles. The subsidiary has close to 200 employees and is located in Hässleholm, Sweden.
In a comment to the divestiture the Autoliv CEO, Mr. Jan Carlson, said “We are glad to have found an owner to Autoliv Mekan in its own industry. This should generate synergies between our former subsidiary and the new owner and could provide new customer groups for Autoliv Mekan.”
Mr. Lars Thunberg, who is the owner of Verktygs Allians i Hässleholm AB, said “Autoliv Mekan is a fine company that has great potential to expand in the automotive market. In our group of companies Mekan will be provided a new environment which will offer both cost synergies and possibilities to grow sales. This bodes well for the company's long-term prospects”.
The name of Autoliv Mekan will be changed to its original name Läreda Mekan.
Verktygs Allians i Hässleholm AB was formed as a holding company for companies operating in the tooling and production engineering sectors. The company provides various tooling and production solutions in Sweden and combines plastics, sheet metal and injection-molded components in finished products with better material and functional characteristics.
Autoliv Inc, the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world.
This subsidiary with sales of SEK 260 million (US $37 million) manufactures primarily seat components for seats in Volvo vehicles. The subsidiary has close to 200 employees and is located in Hässleholm, Sweden.
In a comment to the divestiture the Autoliv CEO, Mr. Jan Carlson, said “We are glad to have found an owner to Autoliv Mekan in its own industry. This should generate synergies between our former subsidiary and the new owner and could provide new customer groups for Autoliv Mekan.”
Mr. Lars Thunberg, who is the owner of Verktygs Allians i Hässleholm AB, said “Autoliv Mekan is a fine company that has great potential to expand in the automotive market. In our group of companies Mekan will be provided a new environment which will offer both cost synergies and possibilities to grow sales. This bodes well for the company's long-term prospects”.
The name of Autoliv Mekan will be changed to its original name Läreda Mekan.
Verktygs Allians i Hässleholm AB was formed as a holding company for companies operating in the tooling and production engineering sectors. The company provides various tooling and production solutions in Sweden and combines plastics, sheet metal and injection-molded components in finished products with better material and functional characteristics.
Autoliv Inc, the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world.