0370 270 6000

Browne Jacobson advises Concentric AB on acquisition of GKN Pumps

24 February 2015

Browne Jacobson has advised Concentric Pumps plc on its acquisition of GKN Sinter Metals de Argentina SA (GKN Pumps), a supplier of engine pumps in South America, for an undisclosed consideration.

Concentric is one of the worlds leading manufacturers of technology oil pumps, water pumps, fuel pumps and hydraulic systems. With its global manufacturing and sales networks in Sweden, Germany, UK, USA, India and China, Concentric serves clients in a wide range of industrial sectors including transportation, construction and agriculture.

GKN Pumps was previously part of GKN Powder Metallurgy which comprises GKN Sinter Metals, the worlds largest manufacturer of sintered components and GKN Hoeganaes which produces metal powder used in the manufacture of these components.

David Woolley, CEO of Concentric, commented:

"We have put a lot of effort into identifying acquisition targets that have processes, manufacturing capabilities and products which match Concentrics quality standards and that also have a strong management team in place. GKN Pumps meets all these criteria and will improve Concentrics ability to sell locally to our existing global customers. We plan to strengthen the local engineering capabilities in line with the groups global strategy to source, manufacture and provide applications support locally to our customers. I am also confident that, in the long-term, GKN Pumps will deliver margins in line with the rest of the group."

The Browne Jacobson team comprised corporate lawyers Roger Birchall and Tina Robinson.

Corporate Finance Partner Roger Birchall added:

"Concentric is an exciting business to work with and we are delighted to have been able to help the Concentric Management in implementing their strategy to increase Concentrics presence in the South American market to further enhance the offering to their global customer base."

Focus on...

Press releases

Browne Jacobson’s Private Equity specialists advise Palatine on key CTS exit

Browne Jacobson’s national private equity (PE) lawyers have advised leading mid-market PE investment firm, Palatine Private Equity (Palatine) on its exit from CTS Group, the fast-growing specialist in testing, inspection and geoengineering consulting services to the construction and infrastructure sectors.

View

Press releases

Browne Jacobson’s specialist corporate finance lawyers advise LDC on sale of global IT services provider

Browne Jacobson’s corporate finance lawyers have advised leading mid-market private equity firm, LDC and management on the sale of specialist managed IT services provider, Littlefish to Bowmark Capital.

View

Press releases

Browne Jacobson advise CTS Group on acquisition of In Situ testing specialists

Browne Jacobson’s private equity (PE) dealmakers have advised Palatine Private Equity backed CTS Group (Construction Testing Solutions Limited) on its acquisition of In Situ Site Investigation, a market leader in Cone Penetration Testing and Pressuremeter techniques and ground investigation services.

View

Legal updates

M&A trends in the specialist lending market

In this update, we look at what is behind the recent drive in Merger & Acquisition (M&A) activity involving high street lenders, Private Equity (PE) Houses, FinTechs and other specialist lenders. We also analyse the benefits that M&A activity offers to businesses and the touch upon the impact this trend is having on the competitive landscape.

View