NSK Completes Acquisition of Brüel & Kjær Vibro

Rhea-AI Summary

NSK Ltd. has finalized its acquisition of Brüel & Kjær Vibro from Spectris Plc., enhancing its presence in the global condition monitoring system (CMS) market. This acquisition aligns with NSK's strategic goals to leverage automation and smart technology solutions. B&K Vibro's expertise will augment NSK's offerings in predictive maintenance, crucial for sectors such as wind and hydro power. The deal is expected to drive innovation and sustainable growth in the CMS sector, which is estimated to grow significantly in the coming years.

Positive

• Acquisition of B&K Vibro enhances NSK's portfolio in the growing CMS market.
• Strengthens NSK's capabilities in predictive maintenance and smart technology.
• Expected synergies between NSK and B&K Vibro to drive innovation.
• B&K Vibro's sales are €52.5 million, indicating potential revenue growth.

Negative

• None.

ANN ARBOR, Mich., March 17, 2021 /PRNewswire/ -- NSK Ltd. has completed the acquisition of the global condition monitoring system (CMS) business known as Brüel & Kjær Vibro (B&K Vibro) from Spectris Plc., in line with the initial announcement made on December 10, 2020.

The acquisition will accelerate development of NSK's business platform in the growing CMS market, and further strengthen the company's ability to respond to demand for automation, labor savings, smart technology, and environmentally sustainable solutions.

NSK's main products, including bearings, ball screws, and linear guides, are vital components that directly affect the function and performance of machinery. NSK's wealth of data and technology related to these components will prove to be invaluable in enhancing and developing B&K Vibro's next-generation predictive maintenance systems and delivering new value to the market.

Comment from Nogami Saimon, NSK Ltd. Senior Executive Vice President

Bringing B&K Vibro into the NSK Group marks the start of an exciting adventure to drive innovation in the rapidly growing CMS market. Both NSK and B&K Vibro solutions are key to ensuring operational stability in mission-critical infrastructure in wind power, hydro power, manufacturing, and other sectors that influence the daily lives of hundreds of millions of people. We will draw on our synergies to maximize our CMS business platform and achieve sustainable growth over the long term.

Comment from Marcel Van Helten, Brüel & Kjær CEO

Being a part of one of the leading global bearing suppliers for the industrial sector is opening new opportunities where we can capitalize on to further growth B&K Vibro. It means expansion in the field of innovation and technology development but also on leveraging our capabilities to offer better predictive maintenance capabilities to the current and new NSK customer base.

About B&K Vibro

Representative	CEO Marcel van Helten
Business Scale	Sales €52.5 million (about ¥6.5 billion)
Number of Employees	Approximately 220
Main Business	Manufacture and sale of condition monitoring devices and sensors, condition monitoring services, etc.
Sales by Industry	Wind power (42%), oil and gas (16%), hydro and thermal power (7%), other (35%)
Sales by Region	Europe (43%), Asia (29%), the Americas (22%), other (6%)
CMS Installations	Wind power: Over 30,000 Hydro power: Over 800 LNG and oil refining: Over 10,000

About NSK

NSK began its journey manufacturing the first bearings in Japan in 1916, and has since developed into a global organization researching, designing, and manufacturing Motion & Control™ solutions essential for mobility and industrial applications. NSK is the top supplier of bearings in Japan and is the third largest supplier in the world by market share.

Our responsive products and technologies enhance automotive performance and industrial productivity while reducing energy consumption to unprecedented low levels. In the early 1960s, we set our sights outside Japan and have established over 200 business locations in 30 countries alongside a vast network of joint ventures and partnerships in all corners of the world.

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SOURCE NSK Americas

FAQ

What is the significance of NSK's acquisition of Brüel & Kjær Vibro?

The acquisition strengthens NSK's position in the condition monitoring system market, allowing access to advanced predictive maintenance technologies and improving service offerings.

When did NSK announce the acquisition of Brüel & Kjær Vibro?

NSK completed the acquisition on March 17, 2021, following an initial announcement on December 10, 2020.

What are the expected benefits of the acquisition for NSK shareholders?

The acquisition is expected to drive innovation, expand market opportunities, and potentially increase revenue through enhanced product offerings and predictive maintenance solutions.

What are the key financials of Brüel & Kjær Vibro following the acquisition?

Brüel & Kjær Vibro reported sales of €52.5 million and employs approximately 220 people, which may contribute positively to NSK's overall financial performance.

How does B&K Vibro complement NSK's existing business?

B&K Vibro's condition monitoring devices and expertise enhance NSK's existing offerings, particularly in predictive maintenance, benefiting sectors like wind and hydro power.