On October 23, 2024, Concentric AB (“Concentric” or the “Company“) announced that its board of directors had applied for delisting of the shares in Concentric from Nasdaq Stockholm in accordance with the request from Circle BidCo ApS, which in connection with its public offer has become the owner of more than 90 per cent of all shares in Concentric. Nasdaq Stockholm has now approved the delisting application. The last day of trading in the shares in Concentric on Nasdaq Stockholm will be November 7, 2024.
For further information, please contact Marcus Whitehouse, Tel: +44 121 445 6545 or E-mail: info@concentricab.com
Concentric AB is an innovator in flow control and fluid power, supplying proprietary systems and components to the world’s construction, truck and bus, agricultural machinery, industrial equipment, and energy system application end-markets. The company has a global manufacturing presence including in North America, Germany, UK, Sweden, India and China. Concentric’s focus is to develop world class technology with innovative solutions that meet the sustainability needs of our customers.
Concentric offers engine products including lubricant, coolant and fuel pumps and hydraulic products encompassing gear pumps and power packs. Concentric also offers a range of electric products developed for the evolving electric and hybrid powertrain market, including electric water and oil pumps, electric fans, thermal management systems, high-voltage components, and electro hydraulic steering. These electric products are also finding uses in new applications in new markets in the energy system sector. In 2023, the Group had a turnover of MSEK 4,205 and circa 1,282 employees.
