Concentric AB awarded Hydraulic systems business worth MSEK 65 with leading OEM of heavy trucks
A leading global manufacturer of heavy trucks has recently nominated Concentric AB to manufacture motor pump units for the steering system on their next generation commercial vehicles. Production commenced during the second quarter of 2017 and is expected to reach mature volumes in 2018, generating annual revenues of approximately MSEK 13 across Europe. The total sales value over the lifetime of the contract is estimated at EUR 6.5 million (SEK 65 million) and will be serviced exclusively from Concentric’s facility in Hof, Germany. Concentric’s motor pump units have been introduced on