Concentric AB has won a significant order for its next-generation Electro-Hydraulic Steering (EHS) pump from an European electric bus OEM, worth 7 million Swedish Krona (SEK) (Rs 5.3 crore).
The order will be supplied from Q4 this year, into Q1 of 2024, the press release noted, and the company is of the opinion that it will be the foundation for a long term supply agreement.
The new generation of EHS units are fitted with Concentric’s Internal Gear Pump (IGP), which is optimised to meet low-noise steering system requirements, in one compact design. The IGP has been designed for both low-pressure transmission and high-pressure hydraulic circuits and is used, among other mobile and stationary applications, in electric buses and trucks.
This win cements the growing demand for Concentric’s highly efficient electro-hydraulic solutions, particularly in a market that is rapidly transitioning towards cleaner, electric transportation.
“Electro-Hydraulic Steering (EHS) is an important part of Concentric’s electrification growth strategy and the win with this strategic customer solidifies our technology leadership position in the market. Our next-generation EHS is a great example of how our business contributes through innovation towards a greener, more sustainable future for our customers, the society, and Concentric," said Martin Kunz, President and CEO Concentric AB.