Bearing manufacturer SKF (STO: SKFA) Goteborg, Sweden, reported sales for the third quarter of SEK 20.1 billion (US$2.45 billion), up 8.3% over the same period a year ago. Operating profit for the third quarter was SEK 2.67 billion (US$309.9 million). Sales in North America grew 7.2% compared to the third quarter of last year. Year […]
Category: SKF
SKF Acquires Lubrication Filtration Business
Swedish bearings manufacturer SKF has acquired EFOLEX AB, a Gothenburg, Sweden-based manufacturer of the Europafilter-branded industrial lubrication and oil filtration systems. Financial terms of the deal weren’t disclosed. EFOLEX offers offline filtration systems used in process manufacturing and energy industries. It currently has approximately 10 employees. “In addition to being an interesting stand-alone product, the […]
SKF Acquires Analytics Firm
Swedish bearings manufacturer SKF has completed the acquisition of Rubico Consulting AB, an industrial consultancy firm with 10 employees based in Luleå, Sweden. Financial terms of the deal weren’t disclosed. Rubico Consulting AB specializes in “visualization and analysis of signal data,” and the company’s “expertise will be integrated into SKF’s offer around the rotating shaft, […]
