SAF Holland said it would offer Haldex shareholders 66 Swedish crowns per share in cash, which is a premium of 46.5% compared to Tuesday's closing price.
The offer was "unanimously" recommended by Haldex's board, said the Swedish firm in a separate statement.
($1 = 9.8074 Swedish crowns)
(Reporting by Stine Jacobsen, editing by Terje Solsvik)