|
|
|
|
|
The eBearing News
April 10, 2000
SKF Continues Asset Sales,
Acquires Machine Support BV
copyright © 2000 eBearing Inc.
SKF (Sweden) is continuing to divest various business units and assets. SKF's strategy is to reduce its vertical integration and thus the amount of capital involved in the business.
Earlier, we reported SKF had sold and then leased back its Netherlands Research Center as part of that strategy.
[ read the article ]
SKF is selling its grinding machine and machine-tool manufacturing operation. LMT, Lidkoping Machine Tools AB, is being sold to Karolin Machine Tool AB for cash and transfer of LMT's debt. The total value of the sale is approximately (SEK)100 million. LMT employs approximately 300 people with annual sales of (SEK)350 million.
Separately, the recently announced joint venture between SKF, FAG and NN Ball & Roller is also in line with the company's divestiture plans. SKF will sell its ball manufacturing facility in Pinerolo, Italy to the joint venture.
[ read the article ]
And SKF is still making strategic acquisitions. The company recently acquired 70% of the Dutch service company Machine Support BV. Machine Support specializes in precision geometric alignment and rotating machine alignment, primarily for the offshore and marine markets. SKF intends to take the alignment expertise and apply it to machine tools, industrial machinery, and other heavy industry applications. Machine Support has operations in the Benelux countries, but also recently established operations in Spain, Germany and the United States.
|
|
|
printer-friendly version
|
|
- by Bruce A. Carr
from individual research,
tips and commercial sources.
Unauthorized reproduction is prohibited.
|
|
eBearing.com ... for everything that moves™
Entire contents Copyright 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered
trademarks of eBearing Inc.
|
|
|
|
|
| |
eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
|
|
|
