- Business
- Concentric AB (publ) is a global manufacturer specializing in pumps, fans, and thermal management solutions primarily serving the commercial vehicle, truck, agricultural machinery, construction equipment, and industrial markets. The company offers a comprehensive product portfolio that includes engine products such as lubricant pumps, coolant pumps, and fuel transfer pumps for diesel engines, as well as hydraulic products comprising internal gear pumps, DC power packs, transmission pumps, low-noise pumps, electrohydraulic steering systems, controlled power packs, main hydraulic pumps, and high-power density units. These products support customers in enhancing fuel economy, reducing emissions, and improving engine control through precision engineering and advanced technical solutions. Concentric also develops advanced electric pump and fan products promoting electrification within its markets. The company operates manufacturing facilities across the USA, Germany, the UK, Sweden, India, and China, enabling localized service for a global customer base. Founded in 1921 and headquartered in Stockholm, Sweden, Concentric serves original equipment manufacturers (OEMs) and end markets worldwide.
In recent developments, Concentric has strengthened its market position through strategic acquisitions and expansions. Notably, in 2024, Concentric acquired GO Engineering, a German electronics design and manufacturing company, to accelerate its electrification strategy and enhance its capabilities in electric liquid cooling and thermal management products. This acquisition is expected to boost electric product sales and improve cost efficiencies by integrating in-house controller design and manufacturing. Additionally, in 2025, Concentric completed the acquisition of Officine Mazzocco Pagnoni (O.M.P), a leading European pump manufacturer focused on the truck market. This strategic move expands Concentric's product offerings and geographic reach, particularly into the US and Asian markets, leveraging combined engineering expertise and a global footprint. Concentric also joined the A.P. Moller Group in late 2024, aligning with a globally recognized entity to support further growth and innovation. The company is actively expanding into new adjacent markets such as energy storage and data centers, with product launches including electric cooling solutions for data centers planned for early 2025.
Concentric’s business segments primarily cover engines and hydraulics, targeting commercial vehicle OEMs and industrial sectors with a focus on sustainable and innovative fluid power and flow control technologies. The group emphasizes continuous improvement in product performance, including improvements in noise reduction, power density, and pressure ratings in its hydraulic products. Concentric maintains a workforce of over 1,300 employees and annual revenues of approximately €400 million, with electric products representing around 30% of total sales. Its global operations and sustained investment in research and development position it as a key player in advancing electrification and sustainability in its industry.