A loudspeaker comprising two acoustic diaphragms mounted to face in axially-opposed directions, two voice coils each having an axis and an axial length and being configured to reciprocate along its axis to drive one of the diaphragms, the axes being substantially parallel and both axes passing through both diaphragms, and at least one magnet forming part of a chassis assembly configured to provide two axially-extending gaps, one for each of the voice coils to reciprocate within, wherein the at least one magnet and the chassis assembly are adapted so that magnetic flux flows across the gaps in opposite directions, and wherein when in use the diaphragms are at their predetermined maximum negative excursions the voice coils overlap in the axial direction by between 10% and 90% of their average axial length, and wherein when in use the diaphragms are in a relaxed position, between their maximum negative and positive excursions, the voice coils do not overlap in the axial direction.