SKF Acquires Cleantech Start-up Company

Acquisition of RecondOil Sweden AB, a cleantech company working with lubrication fluid and oil filtration, will strengthen SKF's lubrication offer Alrik Danielson, President and CEO, says: "This acquisition is a good strategic fit for us. It complements our existing offer around the rotating shaft and will strengthen our ability to offer customers a fee-based value proposition, in which lubrication management systems play an important role." "The acquisition is also in-line with our...

GOTHENBURG, Sweden, 20/06/2019 (informazione.news - comunicati stampa - energia)

Alrik Danielson , President and CEO, says: "This acquisition is a good strategic fit for us. It complements our existing offer around the rotating shaft and will strengthen our ability to offer customers a fee-based value proposition, in which lubrication management systems play an important role."

"The acquisition is also in-line with our ambition to develop and offer solutions that help customers reduce the environmental impact of their own operations. By bringing together RecondOil's technology with SKF's scope and industrial expertise, we will be able to industrialize this offering."

Aktiebolaget SKF
     (publ)

PRESS:
Theo Kjellberg ,
Director, Press Relations
tel: +46-31-337-6576, mobile: +46-725-776576,
e-mail: theo.kjellberg@skf.com

INVESTOR RELATIONS:
Patrik Stenberg ,
Head of Investor Relations
+46-31-337-2104; +46-705-472-104;
patrik.stenberg@skf.com

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