Concentric AB secures a 7 million SEK order from a European OEM

Concentric AB celebrates a significant milestone with a 7 MSEK order for their cutting-edge electrohydraulic steering pump from a leading European electric bus manufacturer. This achievement underscores their commitment to innovation and sustainable solutions in the evolving landscape of electric transportation.

Illinois, United States- Concentric AB, a trailblazer in advanced engineering, is thrilled to announce a monumental achievement in securing a substantial order for their next-generation electrohydraulic steering (EHS) pump. This groundbreaking technology, equipped with Concentric's state-of-the-art internal gear pump (IGP), has been chosen by a prominent European electric bus original equipment manufacturer (OEM). This momentous order, valued at 7 MSEK, is slated for delivery in Q4 of this year, extending into Q1 of 2024. Strengthened by a strategic partnership with the customer, this order marks the cornerstone of a long-term supply agreement.

The new EHS units boast Concentric's cutting-edge Internal Gear Pump (IGP), meticulously engineered to meet the stringent requirements of low-noise steering systems, all within a single, compact design. The IGP is versatile, designed to cater to both low-pressure transmission and high-pressure hydraulic circuits. It finds applications in various sectors, including electric buses and trucks, among other mobile and stationary uses.

This significant triumph underscores the surging demand for Concentric's highly efficient electro-hydraulic solutions. This demand surge is particularly noteworthy in a market that is swiftly pivoting towards cleaner, electric transportation alternatives. Concentric takes immense pride in leading the charge during this electrification transition, contributing their state-of-the-art technologies to drive sustainability and enhance transportation efficiency.

Martin Kunz, the President and CEO of Concentric AB, expressed, "Electro Hydraulic Steering (EHS) forms a vital component of Concentric's electrification growth strategy. Our success with this strategic customer not only solidifies our technology leadership but also propels us toward a greener, more sustainable future. Our next-generation EHS stands as a testament to our commitment to innovation and environmental responsibility."

Explore how Concentric AB is revolutionizing the future of transportation, contributing significantly to a cleaner, more sustainable world. Witness firsthand the power of innovation and excellence that sets Concentric apart in the realm of electro-hydraulic solutions.