SKF strengthens magnetic bearings offer by acquiring fibre composite company

Frédéric Ponson, Director, SKF Magnetic Bearings, says: "This acquisition will help us to further grow and develop our magnetic bearings business. 2C Composites has developed a leading and unique technology of composite layers that, besides strengthening our magnetic bearings offer to existing customers, also has the potential to grow the business with additional promising revenue streams." Frédéric Ponson, Director, SKF Magnetic Bearings, says: "This acquisition will help us to further grow...

Frédéric Ponson, Director, SKF Magnetic Bearings, says: "This acquisition will help us to further grow and develop our magnetic bearings business. 2C Composites has developed a leading and unique technology of composite layers that, besides strengthening our magnetic bearings offer to existing customers, also has the potential to grow the business with additional promising revenue streams."

Magnetic bearings are one of SKF's technology growth areas. In 2022, the Group secured a record order intake for these products of over SEK 1 billion.

Aktiebolaget SKF

      (publ)

CONTACT:

For further information, please contact:

PRESS: Carl Bjernstam, Head of Media Relations

tel: 46 31-337 2517; mobile: 46 722-201 893; e-mail: carl.bjernstam@skf.com 

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations

tel: 46 31-337 2104; mobile: 46 705-472 104; patrik.stenberg@skf.com 

The following files are available for download:

 

View original content:https://www.prnewswire.co.uk/news-releases/skf-strengthens-magnetic-bearings-offer-by-acquiring-fibre-composite-company-301981244.html