All Products
Swedish-based automotive technology group Haldex has acquired 100 percent of Concentric plc, the leading manufacturer worldwide of oil, fuel, and water pumps for medium- and heavy duty diesel engines, for £75 million in cash. The acquisition is subject to regulatory approval in Germany and is expected to close before the end of April 2008.
With Concentric, Haldex Hydraulic Systems’ global reach in the diesel engine market, as well as production, sourcing and R&D, will be significantly strengthened. Haldex also expects to derive synergies in sales and marketing, administration, and transfer of best practices.
In addition, revenue synergies from cross-selling provide an opportunity for the combined business. The two businesses are complementary in terms of product, with Haldex specialising in hydraulic pumps and Concentric in engine pumps.
