Concentric AB announces a strategically important long-term agreement to supply a global OEM with electric coolant pumps for truck applications
Concentric AB announces a long-term agreement with an existing e-pump customer, a global truck and bus OEM, to supply electric coolant pumps for their heavy-duty electric truck. Concentric currently supplies the customer with e-pumps for their hybrid and battery electric buses, and this new supply agreement significantly increases e-pump volumes. Production for this new application will start in 2021 and revenues from this new contract are estimated to be MSEK 200 over the next five years. The electric coolant pump has the following key benefits: · Robust design which includes a wet