Concentric AB (publ), together with its subsidiaries, designs, develops, manufactures, and distributes hydraulic and engine solutions internationally. The company operates through two segments, Engines and Hydraulics. It provides engine products, including lubricant, coolant, and fuel transfer pumps for diesel engines to OEMs and diesel engine manufacturers. The company’s engine products include e-coolant and e-oil pumps, mini-hybrid electric cooling systems, e-fuel and coolant pumps, oil, and f...
Concentric AB (publ), together with its subsidiaries, designs, develops, manufactures, and distributes hydraulic and engine solutions internationally. The company operates through two segments, Engines and Hydraulics. It provides engine products, including lubricant, coolant, and fuel transfer pumps for diesel engines to OEMs and diesel engine manufacturers. The company’s engine products include e-coolant and e-oil pumps, mini-hybrid electric cooling systems, e-fuel and coolant pumps, oil, and fuel transfer pumps, alfdex oil mist separators, and licos and dual cone clutches, as well as thermal management solutions for electric drivetrains and diesel engines, as well as data centers and energy storage. The company's hydraulic products comprise internal gear pumps, DC power packs, transmission pumps, low-noise pumps, electrohydraulic steering, controlled power packs, main hydraulic pumps, and high-power density units. Its products are used in trucks and buses, industrial applications, construction, and agricultural markets.
Business Segments
The company’s primary segments include Engines and Hydraulics, within which a range of specialized products is developed and manufactured. In the Engines segment, the company focuses on advanced cooling systems, oil pumps, and miniature hybrid systems that enhance the efficiency and reliability of engine operations. This segment addresses the increasing demand for eco-friendly solutions, particularly in the realm of electric and hybrid vehicles, showcasing innovations such as electric coolant pumps and high-performance oil and coolant pumps designed specifically for low emissions.
In the Hydraulics segment, the company emphasizes the development of low-noise pumps and electro-hydraulic steering systems, key products that contribute to enhanced driver comfort and vehicle operational efficiency while catering to a growing market in the automotive industry. These systems are designed with efficiency in mind, significantly reducing energy consumption compared to traditional hydraulic steering solutions.
Each business segment emphasizes the company’s commitment to sustainability. Products are rigorously tested and engineered to help reduce emissions and improve energy efficiency, aligning with global environmental standards. With a focus on providing exceptional customer service, the company values collaboration across departments and encourages innovation that meets specific market demands.
Business Strategy
The company employs a focused business strategy that prioritizes sustainable growth anchored in technology, innovation, and customer satisfaction. By committing to engineering solutions that positively impact customers and the environment, the company aims to enhance its product offerings while addressing emerging market demands.
At its core, the company’s strategy revolves around developing sustainable products that align with customer needs and market trends. By capitalizing on a global presence, the company positions itself advantageously to explore innovations that reflect the ethos of responsible engineering. The ongoing investment in research and development enables the company to explore advancements in areas like electrification and hybrid solutions, which are increasingly essential in today's automotive sector.
The company’s strategy includes fostering long-term relationships with customers by providing tailored solutions developed through close collaboration and responsiveness to evolving needs. Understanding market dynamics and customer challenges allows the company to refine its offerings and develop new products that resonate with its user base.
Geographical Markets Served
The company operates on a global scale, having established a presence across diverse geographic markets. This strategic footprint enables the company to cater to regional demands while taking advantage of local market dynamics. Key geographic regions include North America, Europe, and Asia, where the company actively engages with various industries, including automotive, commercial vehicles, and off-highway machinery. By tailoring its products to meet regional specifications and regulatory requirements, the company successfully expands its market penetration.
Seasonality
The company experiences certain seasonal trends that influence its business operations and revenue generation. Variability mainly arises from product demand fluctuations linked to seasonal production cycles in the automotive and commercial vehicle industries. Historically, the automotive sector tends to ramp up production in advance of peak sales seasons, typically reflecting demand during certain months of the year, such as during vehicle launches or holiday seasons. The cyclical nature of vehicle sales influences the demand for Concentric’s products, causing spikes in production requirements to meet customer needs during high-demand periods.
Customers
The company serves a broad range of customers across various sectors, predominantly within the automotive and commercial vehicle industries. The company’s customer base includes OEMs (Original Equipment Manufacturers), Tier 1 suppliers, and other industry-leading firms seeking high-quality components for hydraulic and engine applications.
Modes of Sales and Marketing
The company employs a multi-faceted approach to sales and marketing, utilizing a combination of direct engagement with key customers, participation in industry trade shows, and digital marketing strategies. This comprehensive methodology ensures broad market outreach while facilitating direct interactions with significant stakeholders in the industry.
Digital marketing strategies complement traditional outreach efforts, enhancing accessibility and extending the company’s reach to a global audience. This integrated approach to marketing ensures that the company remains relevant and responsive to market dynamics, thereby fostering growth in a competitive landscape.
History
The company was founded in 1921. Concentric AB (publ) was incorporated in 2010.
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