Today, Concentric Group (“Concentric”) proudly announces the acquisition of Officine Mazzocco Pagnoni and its associated entity Immobiliare 2006 Srl, together with an 85% stake in its associated entity Nuova Galvanoplastica Srl, (together “O.M.P.”),
O.M.P is a leading manufacturer of advanced oil pumps and fluid management components, headquartered in Funo, Italy. Concentric anticipate this acquisition will increase the Group’s revenues by more than 35% annually. This deal gives Concentric access to O.M.P.’s market leading vane pump technology, widely integrated into numerous commercial vehicle platforms with global OEMs, which offers a proven edge in performance and efficiency.
Founded in 1966, O.M.P. has built a globally recognized reputation for excellence in water and oil pump technology, with a strong presence in the heavy commercial vehicle and off-highway market segments. Its diverse portfolio includes water pumps, oil pumps, vacuum pumps, and tandem pumps, all essential for optimizing engine and transmission system thermal management and lubrication. O.M.P.’s newly renovated, state-of-the-art 40,000 m2 manufacturing facility in Funo, Italy features advanced robotic and automation technologies, which Concentric plans to leverage across its wider manufacturing facilities to enhance efficiencies and production capabilities. Moreover, this strategic acquisition firmly establishes Concentric in the Italian market, unlocking preferential access to local customers and suppliers while tapping into a highly skilled pool of engineering talent.
Martin Kunz, Concentric President & CEO, states:
“O.M.P holds a strong position in the European market, distinguished by its exceptional product quality and outstanding customer service standards. This has fostered long-term partnerships with global heavy commercial vehicle OEMs. With a primary focus on the truck market, O.M.P.’s expertise aligns seamlessly with our current capabilities, making this acquisition a strategic opportunity to expand our operations.
This acquisition will significantly enhance the value that the combined business can offer to our customers. Through their culture of innovation, and impressive engineering expertise, O.M.P have developed market leading technologies for both oil and water pumps. By combining this with Concentrics global footprint and supply chain, and our in-house electronics capabilities, we will be able to offer our customers a truly market leading value proposition.
The acquisition will also significantly increase the size of our business and create career development opportunities for employees both in Italy and in the wider Concentric group. O.M.P’s strong brand will be a great addition to Concentric’s group of brands.
I am also pleased to announce that Riccardo Cavallari, formerly Concentric’s Vice President of Operational Excellence, has been appointed as Managing Director of O.M.P. His leadership will be instrumental in advancing our strategic objectives and ensuring O.M.P.’s continued success within Concentric. Riccardo will work closely alongside O.M.P.’s existing senior leadership team, bringing their collective expertise and insight to the newly unified organization and providing continuity and stability for our customers”.
Andrea Mazzocco, O.M.P. Co-owner & CEO, comments:
“Concentric is the perfect partner to carry on O.M.P.’s legacy and drive future revenue growth. With Concentric’s strong global presence and established relationships with major international customers, it provides the scale and resources needed to accelerate O.M.P.’s expansion in to US and Asia markets and propels us into the next phase of our journey. Our long-standing commitment to serving global OEMs aligns with Concentric’s dedication to innovation and growth, offering us access to a truly global talent network. We are thrilled to join the Concentric Group and look forward to contributing to a smooth and successful transition”.
Concentric AB is an innovator in flow control, fluid power, and thermal management proprietary systems and components to the world’s truck, agricultural machinery, construction, industrial, datacentre, energy storage, and power generation application end-markets. The company has a global manufacturing presence including in the UK, USA, Germany, India, China, and in Sweden in partnership with Alfdex. Concentric’s focus is to develop world class technology with innovative solutions that meet the sustainability needs of its customers.
Part of Concentric’s global footprint, is represented by LICOS Trucktec GmbH, a leading producer of electromagnetic fan clutches for the truck industry based in Germany, Allied Enterprises, LLC, a US manufacturer of transmission products for the construction, agricultural, material handling and stationary power market, Engineered Machined Products, Inc. (EMP), a leading US producer of electric and mechanical water and oil pumps, electric fans, thermal management systems and precision machined components, and G.O. Engineering, with extensive experience and expertise in electronics design and manufacturing, out of its Bühl, Germany facility.
Concentric AB is part of the A.P. Moller Holdings group.