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 1 Oct 2026 - 1 min read
Briefs
Briefs 24 Sep 2026 - 2 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
ProMat picks up two awards for 2025 event News Story - 8 Oct 2026 - Los Angeles, CA, United States - 1 min read
MH Education Foundation awards 73 scholarships News Story - 2 Jul 2026 - Charlotte, NC, United States - 1 min read
AI proving to be “disruptive” for supply chains News Story - 23 Apr 2026 - Atlanta, GA, United States - 2 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

"Key words for success are change management, involvement of top management, and focus on people. Specific to the project, start not with full scope but begin and create momentum, and keep improving.
See this as a journey together with your employees..."

Read the rest of our exclusive in-depth interview with senior vice president market operations at Toyota Material Handling Europe, Ralph Cox, about lean manufacturing and automation.

→ Discover more big insights in the very first of our  Big Picture Interviews.

Words of support …

Thanks to advertising with Forkliftaction, we have received inquiries and more and more people are aware of Ningbo Ruyi Joint Stock Co.,Ltd, which fits with our company's goal to go global and let the world know more about the benefits of our Xilin brand.

Michille Shi, Vice General Manager Sales

"Key words for success are change management, involvement of top management, and focus on people. Specific to the project, start not with full scope but begin and create momentum, and keep improving.
See this as a journey together with your employees..."

Read the rest of our exclusive in-depth interview with senior vice president market operations at Toyota Material Handling Europe, Ralph Cox, about lean manufacturing and automation.

→ Discover more big insights in the very first of our  Big Picture Interviews.

"Key words for success are change management, involvement of top management, and focus on people. Specific to the project, start not with full scope but begin and create momentum, and keep improving.
See this as a journey together with your employees..."

Read the rest of our exclusive in-depth interview with senior vice president market operations at Toyota Material Handling Europe, Ralph Cox, about lean manufacturing and automation.

→ Discover more big insights in the very first of our  Big Picture Interviews.