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Concentric Ab Acquires Emp Inc For Msek 1,260 (Musd 147) In A Transformational Deal To Support The E-Pump Electrification Strategy

Oct 26, 2021•about 4 years ago

Acquiring Company

Concentric AB

Acquired Company

Acute Care Solutions

Bromsgrove CantonMedicalHealth Care

Description

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 Information

Company

Concentric AB

Location

Bromsgrove , Worcestershire, United Kingdom

About

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.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed