MUNICH -- German supplier Knorr-Bremse could make further acquisitions worth about 500 million euros ($543 million) each, after making a bid for Sweden's Haldex, the group's CEO, Klaus Deller, told Reuters.
"We are not yet finished with the expansion and revamp of the company," Deller said in an interview, without providing details on possible targets.
Knorr-Bremse has offered 5.53 billion Swedish crowns ($630 million) for Swedish brake systems maker Haldex but is still waiting for clearances from competition authorities.
Deller said on Monday that Knorr-Bremse had received positive feedback from the authorities and said he was convinced the takeover would largely be approved.
"Even if we had to divest some parts, it wouldn't change the rationale," he said.