Concentric AB was awarded a contract from a global OEM of material tele-handlers, boom and vertical lifts to produce hydraulic power units (HPUs) for its next generation of material handling equipment. Production has already started in Q1/17 and is estimated to generate total worldwide revenues of approximately MSEK 45 ($5.12 million) over a five-year period, reaching a mature volume of 10,000 p.a. in 2018.

Concentric’s selection as the preferred supplier of HPUs was based upon the following factors:

• Ability to easily integrate CALMA technology for low noise applications
• Reduced envelope size to allow greater design flexibility and ease of installation
• Integrated components to optimize the system efficiency and reduce leakage paths.

David Woolley, president and CEO of Concentric AB, said, “This contract win is another example of our commitment to advanced development projects aimed at reducing emissions, increasing power density and improving overall system efficiency through our market leading technology.”

Concentric AB is an innovator in flow control and fluid power, supplying proprietary systems and components to the world’s truck, agricultural machinery, construction equipment and industrial applications end-markets. The company has manufacturing facilities in the UK, U.S., Germany, Sweden, India, China and Argentina.