8 November 2024
Concentric joins the A.P. Moller Group
We are happy to announce that our offer to acquire Concentric AB, one of the world’s leading pump manufacturers, has been closed.
“As a global leader in pump, fan, and thermal management solutions for the commercial vehicle market, Concentric is uniquely positioned to actively support its customers through the energy transition. Their innovative solutions are not only aiding this critical shift but are also poised for significant expansion into new and adjacent markets such as energy storage and data centres.”
We look forward to working with Concentric and its many stakeholders leveraging our experience from navigating cyclical businesses and enabling the green transition while supporting the legacy business and ensuring that Concentric remains at the forefront of its industry.
News from the A.P. Moller Group
Transaction to combine Maersk Supply Service and DOF Group closed
With the completion of the agreement, A.P. Moller Holding indirectly holds 25% of the share capital in the combined company.
A.P. Moller Holding launches Vioneo to pioneer fossil-free plastics production
A.P. Moller Holding has launched Vioneo, a new venture dedicated to transforming plastics production. Vioneo will manufacture fossil-free plastic resins and significantly reduce the carbon footprint associated with plastics production.
A.P. Moller Holding announces a recommended public cash offer to the shareholders of Concentric
A.P. Moller Holding’s wholly-owned subsidiary Circle Bidco ApS has announced a recommended public cash offer to acquire Concentric AB, a Swedish provider of flow control and fluid power technology for the commercial vehicle market, listed on Nasdaq Stockholm. The offer of SEK 230 in cash per share in Concentric has been unanimously recommended by the Board of Directors in Concentric, and is backed by shareholders in Concentric together controlling 16.7 percent of the outstanding shares in the company.