Concentric AB acquires EMP Inc for MSEK 1,260 (MUSD 147) in a transformational deal to support the e-pump electrification strategy
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