Concentric Ab Acquires Emp Inc For Msek 1,260 (Musd 147) In A Transformational Deal To Support The E-Pump Electrification Strategy
Concentric Ab Acquires Emp Inc For Msek 1,260 (Musd 147) In A Transformational Deal To Support The E-Pump Electrification Strategy
10/26/21, 5:43 AM
Location
bromsgrove 
cantonIndustry
medical
health care
Concentric AB ("Concentric") has reached an agreement to acquire Engineered Machined Products, Inc. ("EMP"), a leading US producer of electric and mechanical water and oil pumps, electric fans, thermal management systems and precision machined components for MSEK 1,260 (MUSD 147) on a cash and debt free basis. The entire consideration will be paid in cash and the transaction is expected to close on 29 October 2021. The acquisition is a transformational event as it strengthens Concentric's capabilities in electrical products including electrical fans, e-oil and e-water pumps and will increase the company's revenues by more than 50% on an annual basis.
Company Info
Location
Bromsgrove , Worcestershire, United Kingdom
Company info
Concentric is one of the world’s leading pump manufacturers. Our flow dynamics offer customers advanced technology oil pumps, water pumps, fuel pumps, and hydraulic systems. We aim to increase fuel economy, reduce emissions and improve engine control through our technical solutions and precision engineering.
Concentric’s global manufacturing presence includes factories in Germany, the UK, the USA, India, and China backed by central support and development functions. This means we sell locally to our global customers. The business fuses Concentric’s strengths as a pumps maker with longstanding expertise in hydraulic products. Our customers make trucks, construction equipment, agricultural machinery, and general industrial applications.