Concentric AB Secures Substantial Hydraulic Supply Contract with leading Global Manufacturer of Agriculture Equipment
Concentric has secured the largest individual nomination for its state-of-the art Hydraulics products since the company listed in 2011.
The contract is to supply an innovative and customized high-pressure electric power pack to a global leader in the agriculture equipment market. This is Concentrics first major contract for supply in Europe with this global customer, and the significant size of this nomination will make this OEM one of Concentric’s largest hydraulic customers globally.
The contract is for a minimum of 5 years, and is valued at 54 MSEK per year at mature volume with supply starting in 2025. In this application, Concentric’s innovative product provides increased efficiency to the customer’s OEM equipment.
“This win is a testament for Concentric’s engineering capabilities to develop highly-efficient electro-hydraulic pump solutions that meet the efficiency needs of our customers. It also underscores our growth potential in Hydraulics through the development of highly-engineered solutions to match the specific and ever-evolving requirements of our valued customers.” says Martin Kunz, President & CEO Concentric AB.
For further information, please contact: Lynne McCarthy (Media Contact) at
Tel: +44 121 445 6545 or E-mail: lynne.mccarthy@concentricab.com
Concentric AB is an innovator in flow control and fluid power, supplying proprietary systems and components to the world’s construction equipment, truck, agricultural machinery and industrial applications end-markets. The company has a global manufacturing presence including in the USA, Germany, UK, Sweden, India and China. Concentric’s focus is to develop world class technology with innovative solutions that meet the sustainability needs of our customers. Concentric offers engine products including lubricant, coolant and fuel pumps and hydraulic products encompassing gear pumps and power packs. Concentric also offers a range of products developed for the fast-growing electric and hybrid powertrain market including, electric water and oil pumps, electric fans, thermal management systems and electro hydraulic steering. In 2022, the Group had a turnover of MSEK 4,056 and circa 1,207 employees.