Nordic Business Report-August 16, 2006-SKF completes acquisition of Finnish lubrication systems business
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Swedish bearings and seals manufacturer SKF said on Wednesday (16 August) that it has completed the acquisition of the Finnish lubrication systems operations of John Crane.
The EUR22.9m transaction covers manufacturing operations in Muurame in Finland, as well as sales offices in Sweden, Germany, the US and Brazil.
The acquired business has 127 employees and reported sales of EUR25m in 2005.
One euro (EUR) is worth approximately 0.68 British pounds (GBP).
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