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Mitsubishi Heavy Industries to acquire Concentric LLC · Endata

◂ Announcements

Jul 7, 2023ACQUISITIONTexas, United States

Mitsubishi Heavy Industries to acquire Concentric LLC

Mitsubishi Heavy Industries agreed to acquire Texas-based Concentric LLC from OnPoint Group. Concentric provides power systems and maintenance for industrial facilities and data centers. Terms were not disclosed.

Status

Announced

Productspower systemsmaintenance services

CompaniesMitsubishi Heavy Industries acquirer Concentric target OnPoint Group partner

Sectors#Power Generation Equipment

“MHI will buy Texas-based Concentric LLC from OnPoint Group, according to a statement Friday, which didn't disclose terms of the acquisition.”news.bloomberglaw.com

2 sources
news.bloomberglaw.comMitsubishi Heavy to Buy US Firm to Expand Data Center BusinessShoko Oda, Tsuyoshi InajimaJul 7, 2023
mhi.comMHI Acquires Concentric, LLC: The North American Leader in Power Management Solutions for Material Handling, Data Center and Utility Customers- Agreement Signed to Purchase 100% of Concentric - | Mitsubishi Heavy IndustriesJul 7, 2023

Summarized from public sources; check the original articles before acting on it.

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