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 24 Apr 2025 - 1 min read
Hubtex acquires Genkinger
Hubtex acquires Genkinger 17 Apr 2025 - Fulda, Germany - 1 min read
Ballymore expands with Valley Craft acquisition
Ballymore expands with Valley Craft acquisition 17 Apr 2025 - Coatesville, PA, United States - 1 min read
Previously about:
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
EnerSys partners with Concentric News Story - 11 Nov 2021 - Reading, PA, 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
Winners of 2025 MHI Innovation and Startup Awards announced News Story - 27 Mar 2025 - Chicago, IL, United States - 1 min read
MHI donates to talent pipeline News Story - 9 Jan 2025 - Charlotte, NC, 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

Showcased in the Virtual Expo

Use your high-impact banner on our high-traffic technical forum pages to promote your products, services, or career opportunities directly to forklift technicians and engineers.

Starting at just $396 (USD) for 100,000 impressions.

Since our launch in February 2005, Forkliftaction has been home to the leading global discussion forum for forklift technicians, attracting 98,000 visits every week.

Spaces are limited—contact us today!

Words of support …

Undoubtedly, peer experience plays a crucially important role in our industry and it is extremely valuable for us to be part of the platform, where industry professionals, as well as end users can discuss and learn more about the materials handling world.

Alexandra Artemova, Marketing Specialist - Rocla AGV Solutions

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

Forkliftaction's JOB MARKET

Use your high-impact banner on our high-traffic technical forum pages to promote your products, services, or career opportunities directly to forklift technicians and engineers.

Starting at just $396 (USD) for 100,000 impressions.

Since our launch in February 2005, Forkliftaction has been home to the leading global discussion forum for forklift technicians, attracting 98,000 visits every week.

Spaces are limited—contact us today!

PREMIUM business

Noblelift
Global leader and manufacturer of high quality electric, lithium-ion, and IC material handling equipment.

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

Forkliftaction's JOB MARKET

Inside The News
There is simply no ignoring the push for a greener, more sustainable materials handling equipment industry as manufacturers and customers alike seek eco-friendly solutions to reduce or eliminate carbon emissions... Continue reading

Showcased in the Virtual Expo

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

Forkliftaction's JOB MARKET

Use your high-impact banner on our high-traffic technical forum pages to promote your products, services, or career opportunities directly to forklift technicians and engineers.

Starting at just $396 (USD) for 100,000 impressions.

Since our launch in February 2005, Forkliftaction has been home to the leading global discussion forum for forklift technicians, attracting 98,000 visits every week.

Spaces are limited—contact us today!