Mitsubishi Heavy acquires Concentric power business

News Story
- 13 Jul 2023 ( #1136 ) - Tokyo, Japan
1 min read
Concentric will join MHI's smart infrastructure solutions unit
Concentric will join MHI's smart infrastructure solutions unit

Mitsubishi Heavy Industries (MHI) has acquired OnPoint Group’s North American power business Concentric for an undisclosed sum.

Dallas, Texas-based Concentric provides critical power systems for data centres, telecommunications, utilities and commercial facilities in North America, as well as motive power solutions for electric forklifts, automated guided vehicles and airline ground support equipment.

MHI senior executive vice president Dr Hitoshi Kaguchi says: “We are delighted to add Concentric to our growing portfolio for smart infrastructure solutions. 

“Combining MHI's technology capabilities with an experienced national service provider immediately benefits facilities across North America, and provides us with a platform to serve the globe. 

“All facilities from data centres to logistics and manufacturing factories must be able to maintain sustainable, uninterruptible power in order to remain competitive in the 21st century."

Concentric chief operating officer John Winter says: "We have spent the last two decades building no-interruption power and equipment services for materials handling and critical power customers across North America. 

“Joining the MHI group accelerates Concentric's mission to bring sustainable, proactive power systems and maintenance to facility leaders nationwide. Our forklift power customers have been converging towards energy storage for years.”

Concentric has been in acquisition mode in recent years, buying Industrial Battery Solutions in Hawaii earlier this year and Indianapolis, Indiana-based Power Grid last year. 

Briefs
Briefs 20 Nov 2025 - 2 min read
Jungheinrich subsidiary picks up AS/RS specialist
Jungheinrich subsidiary picks up AS/RS specialist 13 Nov 2025 - Westfield, IN, United States - 1 min read
CaPow enters partnership with Macrovey
CaPow enters partnership with Macrovey 13 Nov 2025 - Be’er Sheva, Israel - 1 min read
Previously about:
Briefs News Story - 13 Nov 2025 - 2 min read
Concentric acquires Industrial Battery Solutions News Story - 20 Apr 2023 - Dallas, TX, United States - 1 min read
Concentric buys Power Grid News Story - 24 Mar 2022 - Dallas, TX, United States - 1 min read
US materials handling professionals recognised with awards News Story - 23 Oct 2025 - Tuscon, AZ, United States - 1 min read
Women in Industry Conference to be held in November News Story - 9 Oct 2025 - Rosemont, IL, United States - 1 min read
ProMat 2025 proves to be the biggest in its history News Story - 27 Mar 2025 - Chicago, IL, United States - 1 min read
TFS buys Curlin Material Handling Solutions News Story - 28 Oct 2021 - Perrysburg, OH, United States - 1 min read
Do you have materials handling news? Submit your news here

In February 2026, Forkliftaction News will publish a special feature on battery affordability across lifetime, which will take a deep dive into the total cost of ownership.

Are you an expert in this field? To secure your contribution to this popular topic sign on by 18 December 2025!

[Reach out today] to express your interest and receive pricing options and DOWNLOAD our latest media kit for details on our contributor packages.

Words of support …

The cooperation with Forkliftaction has been exceptional. It's always a pleasure to work with specialists who know the inside out of the industry

Ane Miren Elorza, Communications Specialist

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

In February 2026, Forkliftaction News will publish a special feature on battery affordability across lifetime, which will take a deep dive into the total cost of ownership.

Are you an expert in this field? To secure your contribution to this popular topic sign on by 18 December 2025!

[Reach out today] to express your interest and receive pricing options and DOWNLOAD our latest media kit for details on our contributor packages.

Inside The News
In this week’s Forkliftaction News , we look at the November Logistics Manager’s Index which has dropped to the lowest it has been since June 2024... Continue reading

PREMIUM business

ROYPOW
Manufacturer of lithium forklift battery solutions, the global leader in the market of lithium batteries replacing lead acid batteries.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

In February 2026, Forkliftaction News will publish a special feature on battery affordability across lifetime, which will take a deep dive into the total cost of ownership.

Are you an expert in this field? To secure your contribution to this popular topic sign on by 18 December 2025!

[Reach out today] to express your interest and receive pricing options and DOWNLOAD our latest media kit for details on our contributor packages.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET