Ardian-backed HDT Automotive Solutions to acquire Veritas.

Ardian-backed HDT Automotive Solutions, designer, engineer and manufacturer of advanced thermal management systems, agreed to acquire Veritas, the provider of outstanding material and system competency for the fluid, thermo and sealing management of vehicles and as manufacturer of elastomer sealings and profiles for industrial applications. Financial terms were not disclosed. "With an expanded global footprint and the addition of key expertise in elastomers and plastics, HDT is poised for growth as we continue to serve our global customers now and into the future," Patrick Paige, HDT Automotive CEO.