News for Concentric AB (publ) (2DN.F)

Concentric AB ("Concentric") has acquired Allied Enterprises, LLC. ("Allied Enterprises"), a US manufacturer of transmission products for the construction, agricultural, material handling and stationary power markets. Allied Enterprises has a production facility in Muncie, Indiana, USA and has been manufacturing transmission products for over 30 years. Allied Enterprises has long established trading relationships with a number of leading OEMs and remanufacturing suppliers around the world. The business was acquired for MSEK 95.4 (MUSD 11.7) on a cash and debt free basis and the entire consideration was paid in cash.