The acquisition is subject to regulatory approval in
Concentric, which has factories in the
‘In terms of brands and market position, both Haldex and Concentric embody similar core values of quality and technological innovation,’ said Dugan. ‘Moreover, the two businesses are complementary in terms of product, with Haldex specialising in hydraulic pumps and Concentric in engine pumps, which means increased potential for both.’
Haldex operations are divided into four business areas: commercial vehicle systems (braking for heavy trucks, trailers and buses), hydraulic systems (hydraulic pumps, power systems, fuel transfer pumps), garphyttan wire (advanced spring wire for combustion engines and transmissions) and traction systems (electronically controllable or AWD systems for four-wheel drives).
The group is said to be building up an increasingly global presence in order to meet demand. It has 23 production facilities in