A.P. Moller to acquire Concentric for $838m.

A.P. Moller, a business conglomerate, agreed to acquire Concentric, a manufacturer of hydraulic products and diesel engine pumps, for $838m. “Concentric is a global leader in pump, fan, and thermal management solutions for the commercial vehicle market, and is uniquely positioned to actively support its customers through the energy transition. Furthermore, Concentric’s innovative solutions are well positioned for expansion into new and adjacent markets such as energy storage and datacentres. To pursue these growth opportunities, the Company faces significant investments in the organisation and product development, initiatives that will require both capital and patience from all stakeholders," Jan Thorsgaard Nielsen, A.P. Moller CIO.