Fidelium Partners, a private equity firm, agreed to acquire the pump business of Bosch Automotive Steering, a German engineering and technology company. Financial terms were not disclosed. "The steering and transmission pump business has great potential and good growth opportunities. Fidelium has already had positive experiences with acquisitions in the automotive supplier sector. With our operational expertise we will provide support to the existing management team and associates on their road to a successful future," Dominik Beck, Fidelium Managing Partner.