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Concentric AB Completes Acquisition Of Licos Trucktec GmbH

Friday, 28 Jun 2013 02:08am EDT 

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. 

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