On August 29, 2024, Circle BidCo ApS, a wholly owned, indirect subsidiary of A.P. Møller Holding A/S, announced a public offer to the shareholders of Concentric AB to tender all their shares in Concentric AB to Circle BidCo ApS.
Concentric AB, listed on Nasdaq Stockholm, 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. The total value of the offer amounts to approximately SEK 8,585 million, based on the total number of outstanding shares in Concentric AB.
Lindahl’s team has mainly consisted of Victoria Skoglund, Ola Svanberg, Gustav Ahlgren and Jakob Josefsson.
