March 5, 2010 (FinancialWire) — Autoliv Inc. (NYSE: ALV), a Swedish firm that makes automotive safety equipment, said it has acquired Visteon’s (OTC: VSTNQ) radar system business.

The acquisition follows upon the company’s 2008 acquisition of the an automotive radar business from Tyco Electronics (NYSE: TEL).

Autoliv CEO Jan Carlson said, “While this acquisition is small, with less than $5 million in sales and five highly skilled engineers, it fits very well our own existing radar business.”

He added that the company’s radar specialists have worked together with the Visteon team over the past few years. Carlson said that the partnership has resulted in “Blind Spot” and “Rear Cross Traffic” detection systems that are currently in production “at multiple OEM customers.”

Sweden-based Autoliv develops and manufactures automotive safety systems for all major automotive manufacturers. The firm offers a range of active safety functions based on high performance radar, night vision and mono/stereo vision systems.

The Visteon transaction includes physical assets, intellectual property, order book and engineers with expertise in radar-based driver assistance and active safety functions.

Autoliv has 80 facilities with around 38,000 employees in 29 vehicle-producing countries. In addition, the company has technical centers in ten countries around the world, with 21 test tracks.

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