LICOS launches its new company logo ahead of the IAA 2016 exhibition. The worldwide Concentric group will be exhibiting its extensive range of pumps in Hanover from 22 to 29 September 2016. The following interview was conducted with Franz Biegert, managing director of LICOS Trucktec GmbH (“LICOS” or “the Company”). LICOS is a well-known brand in the truck industry. What was the driver to change the logo? The company, founded in 1998 by Dr. Andreas Wolf and Karl-Heinz Linnig, was acquired by Concentric AB in 2013. Changing the logo into Concentric’s corporate colours was the final step of the successful integration of LICOS into the wider Concentric group. We´ve changed the colours but we have not changed the brand name or the products. Our name stands for high-quality and innovative products. To date we have delivered over half a million clutches into the EURO5 and EURO6 engines of Europe’s top truck brands. The clutches save a huge amount of diesel and we have a calculation ticker on our homepage www.licostrucktec.com where you can find the total of saved litres of diesel. Concentric AB is listed on the Swedish stock exchange and, prior to the acquisition in 2013, LICOS was just a typical German midsize company. This July you celebrated the 3rd anniversary of joining the Concentric group. What have been the major changes for the Company since 2013? I think the changes that we have seen were not that dramatic. Yes, for sure, there is a big difference if you have to change your internal reporting system from a German family owned company into a member of an international listed group. On the other hand, LICOS already had international quality standards and customers before the change of ownership. Our customer rating has been excellent since the inception of the Company so there were no changes necessary on that side of the business. What were the customer reactions following the change in ownership? Our customers have been informed and were visited by our management team shortly after the shareholder change. Their reaction was generally very positive and may be best summed up by the following statement from a senior level manager at one particular customer: “The LICOS clutch is a major component for the EURO6 engine. It is good to know that the company now belongs to a bigger group with a global footprint.” In times of globalization, it is important to have local manufacturing and applications support located right next to the assembly plants of the global truck manufacturers. What are the plans for the future of LICOS in this global truck business? Do you have new technologies or products to add to your current portfolio? The current business of LICOS is secured by our patent protected 2 speed clutch technology, which we sell currently only to the European market. Our sales team is working hard with customers in North America and Asia to introduce the 2 speed clutch technology into these markets as soon as possible. In addition, we expect to launch the production of our double cone clutch in the near future. This clutch is our new technology for switching high torque in very limited space. The technology is developed by LICOS and is fully patent protected. All the tests to date have been positive and the customers are very interested to get this technology onto their engines as soon as possible. Our passion is to develop products which help make the truck more efficient and the double cone clutch is another example of LICOS providing a high tech and robust solution for our customers. Concentric AB is an innovator in flow control and fluid power, supplying proprietary systems and components to the world’s truck, construction, mining and agricultural equipment industries. The Concentric group has manufacturing facilities in the UK, USA, Germany, Sweden, India, China and Argentina. For further information, please contact Mia Segerberg, Corporate Communications, phone 46 722 269080
LICOS Trucktec GmbH in a new outfit; more than just a
Top 10 Most Recent News Articles
Voter Events by Valley Community Healthcare Aim to Empower
Here's a game-changer for the community. Valley Community Healthcare (VCH) is stepping up, proving that healthcare doesn't just stick to check-ups and prescriptions. It's about the whole shebang—community empowerment included. This October, VCH is hosting two incredible voter events, collaborating with the Los Angeles County Registrar-Recorder's Mobile Voting Program....
Continue Reading
AEVEX Facing Class Action Deadline Amid Stock Turmoil
Investors are no strangers to the rough and tumble of stock markets, but things get downright messy when trust is shattered. That's the sorry saga unfolding with AEVEX, where shareholders are feeling the heat after a sharp nosedive in stock value. The clock is ticking to join the class action, and any AEVEX investor worth their salt should pay attention. Unraveling...
Continue Reading
LG OLED evo W6: UAE Roadshow Starts with a Bang
They've done it again, folks. LG Electronics is out there kicking up a storm with their all-new OLED evo W6 True Wireless Wallpaper TV, and they're bringing the action straight to the UAE's doorsteps. Imagine taking a stroll and stumbling upon this technological marvel at some fancy spot like The Lotus Lounge at Anantara The Palm Dubai Resort. This ain't just a TV, it's a...
Continue Reading
Masimo's smartSET™ Revolutionizes Patient Monitoring
Breaking Ground in Patient Monitoring Let's dive into the gritty details behind Masimo's latest FDA-nod: the smartSET™ system. This gizmo ain't your ordinary pulse oximeter; it's a next-gen hand-holder for the medical world, poised to ride the AI wave straight into the clinic. They've cracked open a new way for clinicians to peek behind the curtain of patient vitals,...
Continue Reading
Weifang's Cultural Resurgence: A Global Epigraphy Fest
A Historical Meltdown into Global Recognition Welcome to the ride where ancient stones talk and cultural borders vanish. We're diving into the beating heart of Weifang, a place you're probably hearing about now because the town's hosting a packed international media tour. And, for a change, this isn't just another tourist trap; it's a cultural adrenaline shot to the arm,...
Continue Reading
Hyliion Class Action Deadline Nears for Investors
Potential Shockwaves for Hyliion Investors Investors are having a showdown with Hyliion (NYSE:HYLN) these days. With the looming October 27, 2026, deadline to jump into a securities class action, it seems Hyliion's latest escapade smells worse than a fish market on a hot day. We’ve got allegations here stronger than your uncle’s morning coffee. Understanding the Legal...
Continue Reading
Innventure Faces Major Lawsuit Over Misleading Investors
Missteps at Innventure: A Costly Lesson in Investor Trust The stock market is no stranger to drama, but Innventure's saga feels like a page ripped right out of a thriller novel. You’ve got accusations, alleged fabrications, and a swift drop in stock prices that’s left some investors shaking their heads. The company, nestled under the ticker NASDAQ:INV, finds itself...
Continue ReadingTop 5 Most Recently Viewed Articles
EYLEA HD® Injection Receives FDA Approval for RVO Treatment
EYLEA HD® Injection: A Milestone in Treating Macular Edema First and only FDA-approved treatment for retinal vein occlusion (RVO) indicated for up to every 8-week dosing after an initial monthly regimen. Flexible Dosing Options for Enhanced Patient Care The recent FDA approval for EYLEA HD® (aflibercept) Injection 8 mg is a major advancement. This treatment is...
Continue Reading
Trifork Group's Recent Share Buyback Program Overview
Overview of Trifork Group's Share Buyback Program The Trifork Group has recently initiated a significant share buyback program to enhance shareholder value and optimize its capital structure. This strategic decision underscores the company's commitment to returning value to its investors while maintaining a strong financial position. Details of the Share Buyback...
Continue Reading
Raymond James Celebrates Unmatched Milestone of 150 Quarters
Remarkable Achievement in Consistent Profitability Raymond James has proudly reached a significant milestone of 150 consecutive quarters of profitability, showcasing nearly four decades of unwavering strength. This accomplishment highlights the firm’s resilience and dedication to its values. Guided by seasoned leaders including Chair Emeritus Tom James, Chair Paul...
Continue Reading
Innovative Cozy Sleeper Berth Light Designed for Truckers
Introducing the Cozy Sleeper Berth Light The Cozy Sleeper Berth Light, developed by an innovative inventor, aims to transform the way truck drivers experience rest periods. This convenient lighting solution addresses the common issue of harsh lighting or total darkness that many drivers face while resting in their sleeper berths. The Invention's Unique Features The Cozy...
Continue Reading
ON Semiconductor Drives Innovation Amid Chip Market Changes
ON Semiconductor's Recent Performance ON Semiconductor Corp (NASDAQ: ON) has recently experienced a boost following its latest earnings report. The company shared its fiscal third-quarter results, leading to an increase in stock value, reflecting investor confidence amidst ongoing fluctuations in the semiconductor sector. Quarterly Financial Highlights The latest figures...
Continue Reading