Autoliv not planning to split; to look at potential acquisitions
Autoliv, the Swedish auto safety company, has no plans to split the company into an active safety company and a passive safety company, according to Dagens Industri. The Swedish business daily speculated that Autoliv might benefit from splitting the company in order to expose hidden value within the two business areas. The paper cited Managing Director and Chairman, Jan Carlson, who said, however, that there are no plans for a split.
Carlsson also commented that the company continues to look at potential buys and that the main criteria for an acquisition is that it suits Autoliv, not the price. The paper also asked about Autoliv’s reported earlier interest in the Israeli active safety IPO candidate, Mobileye, but Carlson declined to comment on the matter.
The item noted separately that Autoliv’s turnover for active safety for the last four quarters was SEK 2.6bn (EUR 285m).
Source Dagens Industri