Autoliv interested in buys but potential targets seen as too expensive
Autoliv, the Swedish auto safety systems giant, is interested in buys, but facing difficulties finding targets at a suitable price, according to Dagens Industri.
The Swedish business daily cited Autoliv’s Managing Director Jan Carlson, who was asked why it is taking time for the company to acquire within active safety as planned. Carlson replied that there are active safety candidates which are of interest but the problem is that the price range is too high as the vendors expect the industry to grow further.
The item noted that Autoliv is worth around SEK 42bn (EUR 4.7bn).
Source Dagens Industri