HPI Group to acquire European hydraulics business of Dana from Apogee Group and EiM Capital.

HPI Group, a hydraulic components producer, agreed to acquire European hydraulics business of Dana, an automotive industry company, from Apogee Group, an investment company, and EiM Capital, a private equity firm. Financial terms were not disclosed. "The sale of our European hydraulics production facilities allows us to focus on industrial system sales while having access to a broader portfolio through a supply agreement. We look forward to continuing our relationship with HPI by selling and supplying hydraulic components through Dana's global network of service and assembly centers around the globe," Jeroen Decleer, Dana Senior Vice President and President.