SKF makes strategic acquisition to strengthen its lubrication management capabilities [Yahoo! Finance]
SKF AB S/ADR (SKFRY)
NASDAQ:AMEX Investor Relations:
skf.com/group/investors/investor-relations
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Source: Yahoo! Finance
JSG is a well established provider of lubrication management systems and services. The acquisition further strengthens SKF's offering in an identified growth segment, as well as its business operations in the expansive India and South-East Asia (ISEA) region. More than half of all premature bearing failures are caused by poor lubrication and contamination. This means that lubrication is a critical aspect in machine reliability with a direct and profound impact on production output and quality, costs, and the environment. SKF, through the Lincoln and SKF brand, has already today a strong position in automatic lubrication systems, and the acquisition provides access to JSG's wide customer base, sales and distribution network, as well as engineering and services capabilities. JSG had sales of approximately SEK 550 million in their latest fiscal year, is margin accretive and has 86 employees. Following the acquisition, net sales for SKF's Lubrication Management business will be around
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