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
Letter from the CEO
In connection with the publication of A.P. Moller Holding’s Annual Report 2025, our CEO, Robert M. Uggla shares his reflections on last year’s activities and highlights from across the A.P. Moller Group.
Annual Report 2025
A.P. Moller Holding delivered satisfactory results in 2025
A.P. Moller Holding leads the $60 million Series C equity financing in Upway
Upway is a leading e-commerce platform for buying refurbished e-bikes, driving the transition to sustainable urban mobility.
“We are excited to support Upway on its journey to revolutionize the global market for refurbished e-bikes. Upway’s ability to industrialize second-hand e-bike refurbishment and deliver the highest level of customer trust globally truly sets them apart. Today’s investment also reflects our confidence in Upway’s sustainable and scalable business model that aligns with our commitment to sustainable, long-term growth,” said Chetan Mehta, Head of Growth Equity at A.P. Moller Holding.