World Bearing News
SKF Group completes acquisition of Blohm + Voss Industries GmbH
Resource from: SKF Group 17 Feb,2013
SKF’s acquisition of German-based ship components provider Blohm + Voss Industries (BVI) has been approved by the relevant authorities and is now closed. SKF paid around 80 MEUR for 100% of the equity of BVI and assumed net loans of 18 MEUR.

Blohm + Voss Industries is a leading manufacturer and service provider of premium quality equipment for critical marine applications, including shaft components (seals and bearings), stabilizers, and oily water separators. The company has around 400 employees and annual sales of around 100 MEUR with an operating margin in line with the SKF Group.

BVI operations and capabilities have a very strong fit with the SKF marine strategy and complement SKF’s existing marine product and service range. This will further establish SKF as a leading supplier of marine sealing arrangements, and hydrodynamic bearings, which is a significant bearing type in the marine industry. It will also strengthen SKF’s service capabilities with a complementary market presence, through subsidiaries in Shanghai, Hong Kong, Singapore, Busan, Andover and Kobe and sales agents and service stations worldwide.

Blohm + Voss Industries will be integrated into SKF’s marine segment and report into the business area Industrial Market, Regional Sales and Service.


About SKF
SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2012 were SEK 64,575 million and the number of employees was 46,775. www.skf.com

® SKF is a registered trademark of the SKF Group.
™ BeyondZero is a trademark of the SKF Group.
(SKF Group)
(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.
Previous:  Timken Declares Quarterly Dividend
Next:  EU steel demand seen falling further in 2013-industry group

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.

Home
Member Centre
My CBCC
Join Us Now
Apply Free Trial Now!
Quick Supplier Index