공고 • Oct 23
Concentric AB (publ)(OM:COIC) dropped from OMX Nordic All-Share Index Concentric AB has been droppred from the OMX Nordic All-Share Index . 공고 • Oct 02
Concentric AB (publ) (OM:COIC) completed the acquisition of G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh. Concentric AB (publ) (OM:COIC) agreed to acquire G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh for an enterprise value at approximately SEK 270 million on September 18, 2024. As part of the acquisition, Concentric AB will acquire 100% stake in G.O. ENGINEERING Gesellschaft. The transaction also includes the acquisition of G.O. Engineering Gesellschaft's subsidiary ÖkoGW Verwaltungs- und Vermietungs GmbH & Co. KG. This is subject to any closing conditions being met. Concentric will finance the Acquisition using cash reserves and existing debt facilities. Helmut Gerstner and Ralf Wörner, the current owners of GO Engineering, will remain involved in the business to ensure a smooth transition, with Gerstner providing support for a three-month period, while Wörner will contribute to the company's operations on an ongoing basis. With the acquisition, Concentric AB will welcome more than 120 GO Engineering employees to the Concentric Group. For the period ending June 30, 2024, G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh reported total revenue of approximately SEK 330 million and EBITDA of SEK 27 million. The expected completion of the transaction is October 1, 2024.
Concentric AB (publ) (OM:COIC) completed the acquisition of G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh on October 1, 2024. 공고 • Oct 01
Concentric AB Announces Resignation of Roger Ingemey as Senior Vice President of the Hydraulics Division Concentric AB announced that Dr. Roger Ingemey will, effective immediately, be leaving his position as Senior Vice President of the Hydraulics division. His responsibilities will be assumed on an interim basis by existing members of the Senior Leadership team. 공고 • Sep 19
Concentric AB (publ) (OM:COIC) agreed to acquire G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh for an enterprise value at approximately SEK 270 million. Concentric AB (publ) (OM:COIC) agreed to acquire G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh for an enterprise value at approximately SEK 270 million on September 18, 2024. This is subject to any closing conditions being met. Concentric will finance the Acquisition using cash reserves and existing debt facilities. Helmut Gerstner and Ralf Wörner, the current owners of GO Engineering, will remain involved in the business to ensure a smooth transition, with Gerstner providing support for a three-month period, while Wörner will contribute to the company's operations on an ongoing basis. With the acquisition, Concentric AB will welcome more than 120 GO Engineering employees to the Concentric Group. For the period ending June 30, 2024, G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh reported total revenue of SEK 332 million and EBITDA of SEK 27 million. The expected completion of the transaction is October 1, 2024. 공고 • Aug 29
A.P. Møller Holding A/S proposed to acquire Concentric AB (publ) (OM:COIC) from Forsta AP-fonden and Cliens Kapitalförvaltning AB and others for SEK 8.6 billion. A.P. Møller Holding A/S proposed to acquire Concentric AB (publ) (OM:COIC) from Forsta AP-fonden and Cliens Kapitalförvaltning AB and others for SEK 8.6 billion on August 29, 2024. A cash consideration of SEK 8.59 billion valued at SEK 230 per share will be paid by A.P. Møller Holding A/S. As part of consideration, SEK 8.59 billion is paid towards common equity of Concentric AB (publ). The consideration payable in respect of the Offer is financed in full by funds available to the Offeror by way of an equity commitment letter issued by APMH Invest A/S. The Company's shareholders Första AP-fonden and Cliens Kapitalförvaltning AB, controlling 16.7 per cent of the outstanding shares and votes in Concentric, have entered into undertakings to accept the offer. Completion of the Offer is conditional upon, among other things, the Offer being accepted to such extent that A.P. Møller Holding becomes the owner of more than 90% of the shares in Concentric AB, as well as the receipt of all regulatory, governmental or similar clearances, approvals and decisions and other actions that are necessary for the Offer and Circle. If the Offeror, whether in connection with the Offer or otherwise, acquires shares representing more than 90% of the total number of outstanding shares in Concentric, the Offeror intends to commence compulsory redemption proceedings under the Swedish Companies Act. The deal has been unanimously approved by the Concentric AB board.
The acceptance period of the Offer is expected to commence on or around September 23, 2024, and expire on or around November 1, 2024, subject to any extensions. Skandinaviska Enskilda Banken AB acted as financial advisor, Advokatfirman Lindahl KB acted as legal advisor, Ernst & Young Corporate Finance AB acted as fairness opinion provider to Concentric AB. Citigroup Global Markets Europe AG, Danske Bank A/S, Danmark,Sverige Filial acted as financial advisors to A.P. Møller Holding A/S. White & Case LLP acted as legal advisor to A.P. Møller Holding A/S. 공고 • May 09
Concentric AB (publ) Provides Sales Guidance for the Second Quarter of 2024 Concentric AB (publ) provided sales guidance for the second quarter of 2024. The company expects net sales in the second quarter of 2024 to be broadly similar to the net sales achieved in the first quarter of 2024. 공고 • Feb 15
Concentric AB (Publ) Announces Retirement of Susanna Schneeberger as Board Member Concentric AB (publ) announced that the current board member Susanna Schneeberger has informed the nomination committee that she declines re-election. 공고 • Jan 10
Concentric AB Appoints Dr. Roger Ingemey as Senior Vice President Hydraulics Division, Effective on February 1, 2024 Concentric AB has appointed Dr. Roger Ingemey as Senior Vice President Hydraulics Division. The appointment of Roger from 1 February 2024 will be pivotal in executing the Group strategic plan, to deliver profitable growth in the hydraulics division aligned to electrification strategy, and driving productivity improvements through the Concentric Business Excellence program. Roger holds a PhD in Physical Chemistry from the University of Duisburg-Essen. 공고 • Oct 11
Concentric AB (Publ) Announces Appointment of Nomination Committee The AGM 2019 has resolved that Concentric's Nomination Committee shall have five members which consist of the Chairman of the Board and one representative of each of the four shareholders. The members of the Nomination Committee shall, in accordance with the resolution of the AGM 2019, be appointed based on the ownership structure as of 31st of August 2023. The members are: Monica Åsmyr, Swedbank Robur Fonder, Chairman of the Nomination Committee Maria Rengefors, Nordea Fonder, Anette Dahlberg, Första AP-fonden, Carl Sundblad, Cliens Fonder, the Nomination Committee also includes the Chairman of the Board, Anders Nielsen. 공고 • May 04
Concentric AB (Publ) Provides Sales Guidance for the Year 2023 Concentric AB (publ) provided sales guidance for the year 2023. The company currently estimate sales in the second quarter of 2023 to be similar to the sales performance achieved during the first quarter of 2023. 공고 • Oct 04
Concentric AB (publ) Announces the Nomination Committee for Its Annual General Meeting 2023 Concentric AB (publ) announced that the AGM 2019 has resolved that Concentric’s Nomination Committee shall have five members which consist of the Chairman of the Board and one representative of each of the four largest shareholders. The members of the Nomination Committee shall, in accordance with the resolution of the AGM 2019, be appointed based on the ownership structure as of 31st of August 2022. The members are: Maria Rengefors, Nordea Fonder, Chairman of the Nomination Committee; Malin Björkmo, Handelsbanken Fonder; Anette Dahlberg, Första AP-fonden; Monica Åsmyr, Swedbank Robur Fonder; The Nomination Committee also includes the Chairman of the Board, Anders Nielsen. 공고 • Aug 01
Concentric AB Appoints Fernando Palmero as Senior Vice President Hydraulics Division Concentric AB has appointed Fernando Palmero as Senior Vice President Hydraulics Division. The appointment of Fernando from 1 August 2022 will be pivotal in executing the Group strategic plan, to deliver profitable growth in the hydraulics division, aligned to electrification strategy, driving productivity improvements through the Concentric Business Excellence program. Fernando holds an Industrial Engineering Degree from Universidad Politécnica in Valencia, Spain and is fluent in English, Spanish and German. 공고 • Jun 02
Concentric AB (Publ) Announces Termination of Jesse Smith as Senior Vice President Concentric AB (publ) announced Jesse Smith has decided to leave his position as Senior Vice President of the Hydraulics division, his last day with the Company will be 10 June 2022. The work to recruit a permanent successor is underway. 공고 • Apr 22
Concentric AB (Publ) Approves Dividend for the Financial Year 2021, Payable on 28 April 2022 Concentric AB (publ) announced that at its annual general meeting was held on 21 April 2022, resolved, in accordance with the board's proposal, on a dividend of SEK 3.75 per share. The record date was set to 25 April 2022. The dividend is expected to be distributed by Euroclear Sweden AB on 28 April 2022. 공고 • Feb 16
Concentric AB (publ) Intends to Propose A Dividend for the Financial Year 2021 Concentric AB (publ) announced that based on the Group's earnings and strong financial position, the Board of Directors intend to propose a dividend of SEK 3.75 (3.50) per share for the financial year 2021 and to renew the current mandate for share buybacks. 공고 • Jan 09
Concentric AB (publ) Decides to Close Facility in Chivilcoy, Argentina Concentric announced the company has decided to close its facility in Chivilcoy, Argentina. Concentric has carefully evaluated different alternatives for the facility in Argentina and has concluded that regrettably it is not viable to continue the operations because of the sustained, challenging macro-economic situation in the country. The one-off cost of closure amounts to preliminary SEK 22 million and will be reflected in the Fourth Quarter 2021 financial statements. The decision will take effect immediately. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 39% share price gain to kr270, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 23x in the Machinery industry in the United Kingdom. Total returns to shareholders of 147% over the past three years. 공고 • May 05
Concentric AB (publ) Provides Sales Guidance for the Second Quarter of 2021 Concentric AB (publ) provided sales guidance for the second quarter of 2021. The orders received, and expected to be fulfilled during the second quarter of 2021, were slightly ahead of the sales levels of the first quarter in 2021. Upcoming Dividend • Apr 16
Upcoming dividend of kr3.50 per share Eligible shareholders must have bought the stock before 23 April 2021. Payment date: 29 April 2021. Trailing yield: 1.9%. Lower than top quartile of British dividend payers (4.1%). In line with average of industry peers (1.9%). 공고 • Mar 19
Concentric AB (publ) Proposes Dividend for the Financial Year 2020, Payable on April 29, 2021 Concentric AB (publ) at its annual general meeting to be held on April 22, 2021, proposed dividend for the financial year 2020 of SEK 3.50 per share, totaling SEK 132,543,365 (shares held by the company and shares held by the Employee Share Ownership Trust are excluded from dividend) and that the balance of SEK 2,247,798,373 is carried forward. As record date for the dividend the board proposes April 26, 2021. Subject to the resolution by the meeting in accordance with this proposal, the cash dividend is expected to be distributed by Euroclear Sweden AB on April 29, 2021. 공고 • Mar 10
Major US OEM Awards Concentric AB a New Contract to Supply Electro Hydraulic Steering Pumps for the Next Generation Steering System on Electric Refuse Trucks Concentric AB has been awarded a strategically important contract for its EHS pump by a major global US OEM which will be used in their new electric refuse truck. These trucks will be deployed across the US starting in New York, the world's largest municipal sanitation department. Production will start in 2021 and sales revenues from this new contract are estimated to be worth MSEK 16 over the next five years. Local city regulations continue to drive increased demand for electric commercial vehicles as cities legislate to reduce CO2 emissions to achieve their greenhouse gas goals. Buses were the first vehicles to be electrified and forecasts suggest all city buses in Europe, US and China will be either hybrid or fully electric by 2025. This trend to convert inner city commercial vehicles from the internal combustion engine to electrified powertrains is extending to small- and medium-duty trucks and offers Concentric exciting growth opportunities. The primary benefit of the EHS system is to reduce energy consumption, achieving up to 50% in energy savings in certain applications utilising "power on demand" technology. The EHS system is also a unique solution that functions in electrified vehicles where the conventional hydraulic steering system can no longer be used. 공고 • Feb 09
Concentric AB (publ) to Report First Half, 2021 Results on Jul 21, 2021 Concentric AB (publ) announced that they will report first half, 2021 results on Jul 21, 2021 Is New 90 Day High Low • Jan 21
New 90-day high: kr196 The company is up 28% from its price of kr154 on 23 October 2020. The British market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 11% over the same period. 공고 • Jan 06
Concentric AB Appoints Emma Tamplin as Vice President Group HR Concentric AB has appointed Emma Tamplin as Vice President Group Human Resources. Emma will be responsible for delivering the company's HR strategy and developing and implementing best practice procedures across a global workforce throughout the US, Europe and Asia. With nearly 20 years of experience as a Human Resources professional, Emma joins from L3Harris Technologies, operating primarily in the global aerospace and defence industry. 공고 • Jan 03
Concentric AB (publ) (OM:COIC) acquired Allied Enterprises, LLC from John Miller for $11.7 million. Concentric AB (publ) (OM:COIC) acquired Allied Enterprises, LLC from John Miller for $11.7 million on December 31, 2020. The business is acquired on a cash and debt free basis and the entire consideration was paid in cash. John Miller, who previously served as Chief Executive Officer will remain with the company in an advisory capacity to help with the transition process over the first 3 quarters of 2021.
Concentric AB (publ) (OM:COIC) completed the acquisition of Allied Enterprises, LLC from John Miller on December 31, 2020. Is New 90 Day High Low • Dec 30
New 90-day high: kr190 The company is up 11% from its price of kr171 on 01 October 2020. The British market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: kr176 The company is up 3.0% from its price of kr170 on 11 September 2020. The British market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 14% over the same period. 공고 • Oct 06
Concentric Announces Nomination Committee Changes Concentric AB (publ) announced that the AGM has resolved that Concentric's Nomination Committee shall have five members which consist of the Chairman of the Board and one representative of each of the four shareholders. The members of the Nomination Committee have been appointed based on the ownership structure as of 31 August 2020. The members are: Göran Espelund, Lannebo Fonder, Chairman of the Nomination Committee, Erik Durhan, Nordea Fonder, Per Trygg, SEB Fonder.