It all started in 1887 with Halda which was making beautiful clocks. In 1916 Axel Djurson founded Svenska AB Bromsregulatorer (SAB) in Malmö, Sweden. The patent for an automatic brake adjuster for trains was filed. Over the years SAB became one of the world's most distinguished and leading suppliers of brake systems for trains.
About the same time, the famous aviator, Enoch Thulin, founded the company Thulinverken in Landskrona, Sweden. They developed and manufactured aircraft engines and cars. Thulinverken became an important subcontractor to SAB and was later acquired.
In the 1920s, taxameters were manufactured under the name of Haldex. This division was also acquired and this is how the name Haldex came into the group. The name change to Haldex didn’t take place until 1985 though.
It was in the 1960s that the foundation to what we call Haldex today was laid. In 1962 SAB started a development project to see how they could transform the brake adjuster for trains to road vehicles. There is no doubt that this project was a great success. Today after 50 years, the brake adjuster is still the global market leader with more than 75 million brake adjusters being produced.
The Air controls product range was added in 1998 with the acquisition of Midland Grau.
One of our most recent success stories is the air disc brake. In 1993 Haldex started up an extensive project to develop air disc brakes to heavy vehicles. In 1999 the delivery of the first generation disc brakes, called ModulX, was made. A second generation called ModulT was launched in 2011 and ModulT is today the fastest growing product for Haldex.
One of the most important milestones in recent year is the split of the company in 2011. Prior to the split Haldex had four divisions. The hydraulic division was turned into a new company called Concentric. The traction division with the all wheel drive for passenger cars was divested to BorgWarner. And the spring wire division (Garphyttan) was sold to Suzuki Metal. The division with brake and suspension systems for heavy vehicles remained as Haldex. And that is the business we know today.
In 2012 the current CEO, Bo Annvik joined the company. He revitalized the strategy, changed the management team, communicated new financial objectives and initiated a project to stabilize the business, increase profits and focus on profitable growth.