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Concentric AB signed a long-term agreement with an existing global truck and bus OEM to supply electric coolant pumps for its heavy-duty electric trucks. Revenues are estimated at MSEK 200 over five years, with production starting in 2021.
Concentric Group has acquired Officine Mazzocco Pagnoni (O.M.P), a pump manufacturer in Funo, Italy, along with its property entity and an 85% stake in Nuova Galvanoplastica. Concentric expects the deal to raise its revenues by more than 35% annually.
A.P. Moller Holding has closed its offer to acquire Concentric AB, a global pump, fan and thermal management manufacturer for commercial vehicles.
A.P. Moller Holding's subsidiary Circle Bidco ApS announced a recommended public cash offer of SEK 230 per share to acquire Concentric AB, a Nasdaq Stockholm-listed maker of pump, fan and fluid power solutions for commercial vehicles.
Concentric AB won a contract worth 14 MSEK to supply EMP-branded electric water pumps to a major OEM in the North American electric school bus segment. The award is part of the company's electric bus growth strategy.
Concentric AB secured an order from a global bus OEM for its 600W electric water pump, used to cool a fuel cell range extender in a battery electric bus; order value is 2.1 million SEK.
Concentric AB won a nomination worth 70 MSEK over five years to supply its seal-less electric coolant pump for a new battery electric bus platform of a leading Indian commercial vehicle OEM, with production starting in 2025.
Concentric AB won a multi-year order to develop and supply a mechanical fixed displacement coolant pump for a new engine platform for an unnamed global OEM in agriculture, construction and forestry equipment. Start of production is scheduled for 2029, with annual revenue at mature volumes of MSEK 34.
Concentric AB secured a contract extension worth 14 MSEK per year to supply EMP branded electric water pumps to a major OEM in the North American electric school bus segment. The customer is not named.
Concentric AB, a Swedish flow-control and fluid-power company, won an order worth MSEK 201 to supply a fully integrated high-voltage cooling solution to a leading North American zero-emission truck manufacturer, to be delivered over two years.
Engineered Machined Products (EMP), a Concentric AB company, won a contract for machined components in the U.S. from a global multinational customer, expected to deliver about one million USD in annual sales.
Concentric AB received a new development contract from an unnamed global truck, bus and construction OEM to supply high-voltage electric coolant pumps for fuel cell cooling systems. The announcement was made on 19 April 2022.
EMP, part of Concentric, won a development and production contract worth US$27 million over five years to supply 800V high-voltage cooling fans for a fuel cell truck. The unnamed customer is a global manufacturer of battery electric and fuel cell commercial vehicles. Production is due to start in 2023. The article is dated December 8, 2021.
Swedish component maker Concentric AB acquired Engineered Machined Products Inc. (EMP) of Syosset, New York, a producer of electric and mechanical pumps, electric fans and thermal management systems, for approximately USD 147 million in cash.
Concentric AB received a development contract from an unnamed global truck and bus OEM to supply electric coolant pumps for a fuel cell electric vehicle bus application.
Swedish industrial pump maker Concentric AB acquired Allied Enterprises LLC, a Muncie, Indiana transmission parts manufacturer, in a cash deal valued at $11.7 million.
Concentric AB has been awarded a contract to supply electrically driven coolant pumps to a global truck and bus OEM for mid-size electric trucks. Production starts in 2021 and runs until 2025, with total sales estimated at SEK 150 million.
Swedish pump maker Concentric AB won an order to develop and supply coolant pumps with integral motor drives and control systems to an unnamed leading global OEM of battery energy storage, with projected revenue of about SEK 100 million over three years.
Concentric AB was awarded a 4-year contract to supply oil and coolant pumps for a global OEM's new 55 kW compact diesel engine. Production is scheduled to start in Q3 2017.
Sweden-based Concentric AB won an order to supply electric oil pumps for hybrid heavy trucks and buses, worth about SEK 38 million (around USD 4.3 million) over eight years in Europe, with production starting in the second half of 2018.
