SKF divests coolant pumps operations
SKF has signed an agreement to divest Spandau Pumpen to EBARA Pumps Europe S.p.A, a group company of the global industrial machinery manufacturer EBARA CORPORATION. Spandau Pumpen is focused on coolant pumps in SKF’s lubrication business.
The divestment is a strategic realignment and part of SKF’s decision to focus on its core lubrication business such as automatic lubrication systems and components, lubricants, and lubrication tools.
Thomas Fröst, President, Independent & Emerging Business, at SKF, says: "We are pleased to sell Spandau Pumpen to EBARA CORPORATION, a dedicated pump manufacturer that will be able to continue to develop this business. The divestment is another example of the ongoing pruning of our portfolio, which is an important part of our strategy."
Minoru Matsushita, Managing Director at EBARA Pumps Europe S.p.A, says: “It is a good opportunity for us to acquire Spandau Pumpen, which has a great history and solid brand in the industry. We are confident in the continuous growth of the business by creating synergy with our existing world-wide network.”
The divestment is expected to close at the end of September 2023. The divestment is deemed not material on SKF Group’s financials.
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.
Next Burkhardt Compression Receives Unique Certification
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.
