STOCKHOLM, Sweden, Sep 29, 2008 (BUSINESS WIRE) -- Regulatory News:

Autoliv Inc. (NYSE:ALV)(STO:ALIV), the worldwide leader in automotive
safety, has completed the previously announced acquisition of the
automotive radar sensors business of Tyco Electronics Ltd. (NYSE:TEL)
for US $42 million.

This radar sensor business was a "carve-out"
of the Radio Frequency and Subsystems business unit within Tyco
Electronics. Considered one of the market-leading suppliers of
automotive radar sensors in the world, the business designs and
manufactures active radar proximity and attribute sensor systems used in
vehicle driver assist and safety applications for the global automotive
market -- and is Daimler's development partner
for automotive radar sensor technology.

The technology and intellectual property included in the transaction
includes short-, medium- and long-range radar products. Automotive
safety system applications for this technology include blind spot and
collision warning, lane change assist, adaptive cruise control,
collision mitigation by braking and side pre-crash sensing, along with
back-up and park assist functions. The technology can also be used to
trigger other vehicle safety features such as active bumpers,
structures, knee bolsters and active seatbelts.

This business includes approximately 115 highly specialized technical,
commercial and manufacturing employees who will support the activities
required to intensify Autoliv's efforts in the
growing automotive active safety market.

This acquisition enables Autoliv to leverage existing customer
relationships and safety system capability to increase its strong market
position in automotive safety electronics and immediately become one of
the largest suppliers of automotive radar products in the world.
Existing customers, along with Daimler, include BMW and Chrysler along
with other non OEM customers. "This strategic acquisition will
undoubtedly be an important ingredient in our intensified efforts to
improve small car safety by creating a 'Virtual
Crash Zone' around the vehicle"
said Mr. Jan Carlson, President and CEO of Autoliv.

It is Autoliv's expectation that this
acquisition should not materially impact Autoliv's earnings in 2008 and
have an accretive earnings per share effect in 2009.

Headquartered in Stockholm, Autoliv Inc. develops and manufactures
automotive safety systems for all major automotive manufacturers in the
world. Together with its joint ventures, Autoliv has more than 80
facilities with 42,000 employees in 30 vehicle-producing countries. In
addition, the company has technical centers in eleven countries around
the world, including 20 test tracks, more than any other automotive
safety supplier. Sales in 2007 amounted to US $6.8 billion. The
Company's shares are listed on the New York Stock Exchange (NYSE: ALV)
and its Swedish Depository Receipts on the Stockholm Stock Exchange
(SSE: ALIV). For more information about Autoliv, please visit our
company website at www.autoliv.com.

Tyco Electronics Ltd. is a leading global provider of engineered
electronic components, network solutions, undersea telecommunication
systems and wireless systems, with 2007 sales of $13.0 billion to
customers in more than 150 countries. The company designs, manufactures
and markets products for customers in industries from automotive,
appliance and aerospace and defense to telecommunications, computers and
consumer electronics. With over 7,000 engineers and worldwide
manufacturing, sales and customer service capabilities, Tyco Electronics'
commitment is its customers' advantage. More
information on Tyco Electronics can be found at www.tycoelectronics.com.

Safe Harbour Statement

Statements in this presentation that are not statements of historical
facts may be forward-looking statements, within the meaning of the
Private Securities Litigation Reform Act. These statements involve risks
and uncertainties, including -- but not
limited to -- the economic outlook for the
Company's markets, fluctuation of foreign
currencies, fluctuation in vehicle production schedules for which the
Company is a supplier, continued uncertainty in program awards and
performance, the financial results of companies in which Autoliv has
made technology investments, pricing negotiations with customers,
fluctuating fuel and commodity prices and other costs, supply issues,
product liability, warranty and recall claims, dependence on customers
and suppliers, and other factors discussed in Autoliv's
filings with the Securities and Exchange Commission (SEC). We do not
intend or assume any obligation to update any of these statements.

This information was brought to you by Cision http://www.cisionwire.com

SOURCE: Autoliv

Autoliv Inc. 
Jan Carlson, President and CEO 
Tel +468-587 20 600 
or 
Ray Pekar, Director Business Development 
and Investor Relations 
Tel +519-973-3799 (cell) 
or 
Autoliv Electronics 
Steve Rode, President 
Tel +313-617-7573 (cell)

Copyright Business Wire 2008