STOCKHOLM, Sweden – Haldex yesterday completed its acquisition of Concentric, a supplier of oil, water and fuel pumps for diesel engines, following approval of the acquisition by the German competition authority. Haldex is acquiring Concentric for a cash consideration of approximately $149 million.

According to Haldex, the acquisition of Concentric will sharpen the company’s focus on leading-edge technology and growth within structurally attractive market niches.

Concentric’s strong position in markets for oil, water and fuel pumps complements Haldex’s existing product area for diesel engines and enhances the offering to the diesel engine market.

Concentric will become part of Haldex’s Hydraulic Systems Division.

For more information about Haldex, visit: www.haldex.com.