Bulten, a supplier of fasteners to the international automotive industry, completed the acquisition of PSM International, which develops, manufactures and supplies fasteners to international markets, primarily in the automotive industry, from EQT Partners for $25m. “PSM has a strong brand as an innovative supplier of fasteners and I am very pleased to be able to announce this strategically important acquisition. Our operations complement each other well and the acquisition means that we will broaden Bulten's customer base in our growth markets in Asia and North America as well as strengthening our production capacity and our product offering. In addition, PSM's growth potential in Europe is strengthened by Bulten's strong position in this market. The acquisition is a milestone in Bulten's development and I look forward to welcoming PSM to the Bulten Group," Anders Nyström, Bulten President and CEO.