Concentric wins contracts for next generation steering systems
Concentric AB today announces it has won five electro-hydraulic steering systems contracts worth an estimated total of EUR 9 million (SEK 94 million) over five years. While these platforms currently constitute a small niche, local city regulation will drive increased demand for electric commercial vehicles going forward and these nominations are strategically important in a segment expected to present exciting long-term growth opportunities.Cities across the globe are setting up plans for restricting the use of vehicles run on fossil fuels in the city centre. Paris, Madrid, Athens and