SKF Acquires Leading Lubrication Systems Business in Finland

Resource from: CBCC Likes:2990

Jun 22,2006

SKF has signed an agreement with John Crane Safematic Oy, part of the Speciality Engineering Division of Smiths Group plc, to acquire John Crane's lubrication systems business. The business is headquartered and has its manufacturing operations in Muurame, Finland and in addition has sales offices in Sweden, Germany, USA and Brazil. The business had sales in 2005 of Euros 25 million and has 127 employees. The products, segments served and geographical presence of this business is very complementary to SKF's existing lubrications systems business and will enable SKF to offer our customers a wider range of solutions and improved value propositions. The business will be part of the SKF lubrication systems business which is within the Group's Industrial Division. SKF pays Euros 22.9 million for the business. The acquisition is subject to relevant regulatory approvals and is expected to be finalized during the third quarter.

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Sealed Bearing Cartridges Are Self-lubricating
Next Tenmat Acquisition Means Layoffs at Railko

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.