Autoliv says buys Tyco's radar sensor business

Newswire

STOCKHOLM, July 29 (Reuters) - Autoliv , the world's biggest maker of air bags and seat belts, said on Tuesday it had agreed to buy the automotive radar sensors business of Tyco Electronics for $42 million. "It is Autoliv's expectation that the sales of the acquired business will approach $100 million within three years," Autoliv said in a statement. "In 2009, Autoliv expects the business will have an accretive earnings per share effect and should be accretive to operating margin and ...

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