Concentric could be a takeover target - report (translated)
Concentric, the Swedish pump manufacturer, is seen as a potential takeover candidate, according to Dagens Industri.
The Swedish business daily reported that Concentric was spun off and listed from Swedish brake system supplier, Haldex, in 2011 and is now a market leader within pumps for diesel motors with a 35% market share. The paper wrote, without citing any specific sources, that with the current bidding war going on for Haldex, Concentric also stands out as a possible target. The item pointed to the company's open ownership structure in which the largest shareholder is Lannebo Fonder with 12.5% of the company.
The paper wrote that possible bidders for Concentric could be pump producers wishing to expand into mobile solutions and speculated Swedish Alfa Laval as a possible bidder.