What is Brief History of Concentric Company?

How is Concentric evolving into a leader in vehicle electrification?

Concentric shifted from mechanical pumps to electric pumps and fans after acquiring EMP in 2021, responding to heavy-duty transport decarbonization. The company, demerged from Haldex in 2011, serves OEMs in trucks, agriculture and construction with precision flow control.

Concentric’s 2021 EMP acquisition accelerated its pivot to thermal management and high-efficiency fluid power for electrified commercial vehicles, reinforcing its Tier 1 position and market-cap presence on Nasdaq Stockholm.

What is Brief History of Concentric Company? Concentric was demerged from Haldex in 2011, grew through precision pump expertise, and by 2026 combined legacy mechanical lines with electric solutions to enable the off-highway energy transition. Concentric Porter's Five Forces Analysis

Concentric’s modern form was established on June 16, 2011, as a demerger from Haldex’s Hydraulic Systems Division; its roots extend back to Concentric Pumps Ltd (UK, 1921) and Sweden’s Albin Pump. The founding team targeted variable flow technology to address tightening diesel emissions standards.

Founding Story

The 2011 spin-off created a mid-cap industrial company with heritage from 1921 and an explicit mandate: 'technology leadership through flow control' to serve engines meeting Euro VI and Tier 4 Final.

• The demerger date: 16 June 2011
• Heritage companies: Concentric Pumps Ltd (UK, 1921) and Albin Pump (Sweden)
• Founding CEO: Ian Dugan led the strategic split to unlock shareholder value
• Initial focus: high-volume mechanical oil, fuel and water pumps plus hydraulic gear pumps for mobile equipment
• Market gap targeted: variable flow technology for stringent emissions (Euro VI, Tier 4 Final)
• Manufacturing footprint at launch: facilities in the UK, USA, Germany and China
• Entered market as mature mid-cap with established engineering capability—no traditional bootstrap phase
• Company name chosen to reflect British heritage and the precision circular motion of pump technology
• Early financial context: launched with existing revenue streams from Haldex’s hydraulics business (2011 pro forma revenue not publicly split in original Haldex reports)
• Strategic emphasis: product evolution toward electronic variable-flow controls to meet regulatory trends in the 2010s
• Further reading on industry position: Competitors Landscape of Concentric

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Following its 2011 listing, Concentric accelerated geographic and technological expansion, shifting from component supplier to systems partner and preparing for electrification.

2013 LICOS Trucktec acquisition

In 2013 Concentric acquired LICOS Trucktec GmbH, adding electromagnetic clutch expertise for water pumps and enabling clutch-controlled pumps that cut parasitic engine loss for fuel-conscious fleets.

Operational performance

By 2015 Concentric had integrated global operations and sustained an operating margin (EBIT) consistently above 15%, despite cyclical construction and truck markets.

Emerging market expansion

Expansion included a joint venture in India and scaled manufacturing in Suzhou, China, strengthening local supply to OEMs and supporting the Concentric Company timeline of global footprint growth.

Strategic capital and balance sheet

Disciplined cash flow and targeted capital raises maintained a robust balance sheet, funding R&D and the company’s pivot toward electrification and systems-level solutions.

Transition to e-Strategy

By 2018 Concentric had formalized an 'e-Strategy', investing heavily in brushless DC motor technology for electric water and oil pumps to address the projected decline of internal combustion engines.

Systems partnerships with OEMs

Concentric moved toward collaboration on CO2-neutral roadmaps with OEMs, offering integrated pump systems and control technologies—key milestones in the Concentric Company history and evolution of Concentric Company products over time. Mission, Vision & Core Values of Concentric

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Concentric’s milestones, innovations and challenges trace a path from industrial pumps to software-integrated fluid power, marked by strategic acquisitions, product breakthroughs and restructuring to navigate demand volatility.

Key innovations include the Dual Cone Clutch for high-efficiency cooling in heavy-duty engines and the development of high-voltage e-pumps compatible with 800V architectures, supporting BEV and hydrogen fuel cell cooling needs.

Dual Cone Clutch

Enables efficient thermal management for heavy-duty engines, improving fuel efficiency and reducing emissions.

High-Voltage E-Pumps (800V)

Designed for 800V architectures, these e-pumps meet performance and thermal demands of next-gen BEVs and fuel cell vehicles.

Electronics Expansion via EMP

Acquisition expanded electronic product portfolio and secured a leading position in North American transit bus markets.

Software-Integrated Fluid Power

Shift toward software-enabled systems increases margins and supports predictive cooling strategies for electrified vehicles.

Supplier Recognition

Earned multiple 'Supplier of the Year' awards from OEMs such as Caterpillar and John Deere for reliability and innovation.

Thermal Systems for Fuel Cells

Developed cooling solutions tailored for hydrogen fuel cell integration, addressing emerging zero-emission vehicle needs.

Challenges included the 2022 global supply chain disruptions and widespread destocking in agricultural and construction sectors in late 2024–early 2025, which pressured sales and inventory management.

Supply Chain Disruption

Global component shortages in 2022 increased lead times and input costs, forcing production reprioritization and supplier diversification.

Sector Destocking

Late 2024–early 2025 destocking across agriculture and construction led to reduced OEM orders and revenue declines, prompting margin-focused actions.

Restructuring and Cost Cuts

Following a 12 percent organic sales drop in 2024, the company implemented European production consolidation to restore competitiveness.

Electrification Transition

Shifting product mix toward high-margin electric solutions required R&D reallocation and new go-to-market strategies under new leadership.

Market Concentration Risk

Reliance on heavy equipment OEM cycles exposes revenue to macroeconomic swings, necessitating diversification into transit and specialty vehicle sectors.

Integration Risks

Assimilating EMP and scaling electronics capabilities required cross-functional integration and investment to realize synergies.

For a strategic perspective on Concentric’s market positioning and product evolution see Marketing Strategy of Concentric.

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Timeline and Future Outlook: a concise Concentric Company timeline from its 1921 founding through strategic electrification moves, record 2022 sales and 2024 leadership change, leading into a 2026+ outlook centered on electrified thermal management and growth in e-pumps to meet emissions mandates.

Market recovery and demand timing

Analysts projected a recovery in the off-highway market in H2 2025, improving aftermarket and OEM volumes and supporting Concentric Company revenue growth.

Electric product revenue mix

Concentric’s electric division is expected to represent over 30 percent of group revenue by 2027 as e-pumps and thermal systems scale.

Technology focus: thermal management

Ongoing initiatives target thermal management for energy storage systems and hydrogen combustion engines to ensure relevance across zero-emission pathways.

Production scale and geographic footprint

2025 production expansions in Chivilcoy and North America increase capacity to meet 2026 emission-driven demand and shorten lead times for key OEMs; see strategic context in Growth Strategy of Concentric.

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