August 6, 2009 (FinancialWire) — Fuel Systems Solutions, Inc. (NASDAQ: FSYS) completed the purchase of the Power Systems business from Teleflex Inc. on August 4th for $14.5 million, in an all cash transaction as announced on July 20th.

Mariano Costamagna, CEO of Fuel Systems Solutions, said, “This acquisition includes three segments: industrial and transportation alternative fuel components and systems and auxiliary power systems . The addition of the two complementary segments asserts our leadership position in the transportation and industrial markets. The APS business creates an entry into a new market segment with diverse growth potential driven by regulatory and emissions standards. The technology and products acquired expand our robust global platform and furthers our growth strategy.”

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