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. 

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