Haldex has signed a Long Term Agreement (Lta) with an unnamed global truck manufacturer for the continued global supply of its automatic brake adjuster (ABA) to a total value of SEK350m (US£52m) for a five year period.

Haldex says it has supplied the truck manufacturer since the early 1970s.

Earlier this year Haldex marked its supply of the 70 millionth Automatic Brake Adjuster, which it says “has generated jobs for thousands over several decades.”

The product is manufactured in Sweden, US, Brazil, India and China serving customers on a regional basis.