# 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.

- Type: Acquisition
- Announced: 2023-07-07
- Where: Texas, United States
- Status: announced
- Products: power systems, maintenance services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (acquirer)
- [Concentric](https://endata.com/companies/1164.md) (target)
- [OnPoint Group](https://endata.com/companies/53050.md) (partner)

## Sources

- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/mitsubishi-heavy-to-buy-us-firm-to-expand-data-center-business), 2023-07-07: "MHI will buy Texas-based Concentric LLC from OnPoint Group, according to a statement Friday, which didn't disclose terms of the acquisition."
- [mhi.com](https://www.mhi.com/news/23070701.html), 2023-07-07: "We are delighted to add Concentric to our growing portfolio for Smart Infrastructure Solutions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.