Concentric AB: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
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Concentric AB Completes Acquisition Of Licos Trucktec GmbH
Concentric AB announced the completion of the acquisition of Licos Trucktec GmbH (Licos), a producer of water pumps and electromagnetic fan clutches for the truck industry, for MEUR 9,25 where MEUR 8,75 has been paid in cash and MEUR 0,5 shall be satisfied with shares in Concentric. Concentric will assume debt of MEUR 3,1. The acquisition will broaden Concentric`s product portfolio in a growing niche, the semi-variable water pump, and presents an opportunity to leverage Concentric`s position in the U.S. for Licos electromagnetic fan clutches.
Latest Developments for Concentric AB
- Concentric proposes FY 2013 dividend of SEK 2.75 per share
- Concentric AB Opens European Hydraulics Centre in Hof, Bavaria and Completes Transferring All Production Lines into New Facility
- Concentric AB Transfers Own Shares as Consideration for LICOS Trucktec GmbH
- Concentric AB Agrees to Acquire Licos Trucktec GmbH
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