Concentric AB Appoints Martin Bradford SVP Americas

  Concentric AB Appoints Martin Bradford SVP Americas

Business Wire

SKÅNES FAGERHULT, Sweden -- January 29, 2013

Regulatory News:

Martin Bradford has been appointed Senior Vice President of Americas at
Concentric AB (STO:COIC), with responsibility for operations at the Rockford
and Itasca facilities in Illinois, USA.

Martin joined Concentric in 2008 as General Manager for the US Hydraulics
business. His successes to date include the consolidation of the Statesville
operations into the Rockford facility and improving operational and financial
results whilst leading the Rockford team in achieving recognition for its
commitment to excellence through the Malcolm Baldrige Illinois Performance
Excellence Program during 2012.

Martin is a graduate engineer who has successfully managed manufacturing
businesses based in Europe, the Middle East and America during his career,
prior to joining Concentric.

Martin takes up his new position on 1 February 2013.

About Concentric

Concentric is an innovator in flow control and fluid power, supplying
proprietary systems and components for trucks, buses and industrial vehicles,
worldwide. The company encompasses two technology/product areas, hydraulics
and pumps for diesel engines. The hydraulics range is supplied under the
Haldex brand name and the pumps are branded Concentric.

With over 1,000 employees and yearly sales of approximately 2.2 billion
Swedish Kronor, Concentric AB is listed on the Stockholm Stock Exchange

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Concentric AB
Lena Olofsdotter
00 46 708 326 854
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