Haldex Secures Order for Pumps for New Diesel Engines from Perkins

STOCKHOLM, Sweden--Regulatory News:

Haldex (STO:HLDX) has been nominated for an order of pumps from the diesel engine manufacturer Perkins. The order comprises oil and water pumps for Perkins’ new engines, which meet the emission requirements of the future, and is valued at about SEK 500 million over a five-year period. The pumps will be manufactured in the Group’s plants in Birmingham in the UK and Pune, India. Deliveries will commence in 2010.

Haldex has also secured an order from Perkins regarding water pumps for Perkin’s new electronically controlled engines. The order is valued at SEK 75 million over a five-year period. Production is scheduled to start in 2010.

“Demand for increasingly efficient pumps for diesel engines is growing due to ever-stricter fuel-efficiency and environmental requirements,” says Joakim Olsson, CEO and President of Haldex. “With Haldex’s technology leadership, especially in terms of advances in emission reduction and fuel efficiency, the company is at the forefront of efforts to meet market demands. These orders from Perkins confirm our position as one of the world’s leading suppliers of oil, water and fuel pumps for medium and heavy duty diesel engines used in commercial applications, trucks and construction equipment.”

Haldex has a comprehensive customer base, including all the leading diesel engine manufacturers, such as Cummins, Caterpillar and Daimler. The manufacturing and sales network is global, encompassing such markets as the US, UK, Germany, China and India, enabling Haldex to benefit from manufacturing and sourcing in low cost countries and sales and service operations in key international markets.

Haldex (www.haldex.com), headquartered in Stockholm, Sweden, is a provider of proprietary and innovative solutions to the global vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Nasdaq OMX Stockholm Stock Exchange and had net sales of nearly 8.5 billion SEK in 2008. The number of employees amounts to about 5,000.