BorgWarner acquired Haldex Traction AB division of Haldex Group in February 2011, making it the Europe branch of BorgWarner TTS. 'Haldex Traction AB' was a division of the Swedish manufacturing company Haldex AB. It specializes in the development and manufacture of intelligent all-wheel drive (AWD) systems. Since invention of Gen I in 1998, the company produced several generations of products licensed to and customized for some major automotive brands, that in turn have marketed Haldex Traction AWD under different names. On 17 December 2010, BorgWarner announced that it had signed an agreement to acquire the Traction Systems division of Haldex Group. BorgWarner completed the acquisition of the Traction Systems division on 1 February 2011. Haldex Traction Systems was incorporated in BorgWarner TorqTransfer Systems.
