SKF acquires lubrication filtration business

Rhea-AI Summary

SKF has successfully acquired EFOLEX AB, a Gothenburg-based manufacturer of Europafilter industrial lubrication and oil filtration systems. EFOLEX specializes in offline filtration systems used in process manufacturing and energy sectors and has around 10 employees. According to Thomas Fröst, President of Industrial Technologies, this acquisition enhances SKF's lubrication management capabilities and aligns well with SKF RecondOil's Double Separation Technology.

Positive

• Acquisition of EFOLEX strengthens SKF's lubrication management capabilities.
• Integration with SKF RecondOil's Double Separation Technology creates synergies.

Negative

• None.

GÖTEBORG, Sweden, Sept. 1, 2021 /PRNewswire/ -- SKF has completed the acquisition of EFOLEX AB, a Gothenburg-based manufacturer of the Europafilter-branded industrial lubrication and oil filtration systems.

EFOLEX offers offline filtration systems used in process manufacturing and energy industries. They currently have approximately 10 employees.

Thomas Fröst, President, Industrial Technologies, says: "In addition to being an interesting stand-alone product, the Europafilter technology is a good strategic fit with SKF RecondOil's Double Separation Technology offer and will widen our overall lubrication management capabilities."

Aktiebolaget SKF

CONTACT:

For further information, please contact:

PRESS: Carl Bjernstam, Corporate Communication
tel: 46 31 337 2517; mobile: 46 722-201893; e-mail: carl.bjernstam@skf.com

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

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https://news.cision.com/skf/r/skf-acquires-lubrication-filtration-business,c3406899

The following files are available for download:

https://mb.cision.com/Main/637/3406899/1462060.pdf	20210901 SKF acquires lubrication filtration business
https://news.cision.com/skf/i/gotaholm,c2949170	Gotaholm
https://news.cision.com/skf/i/thomas-frost,c2949171	Thomas Frost

View original content:https://www.prnewswire.com/news-releases/skf-acquires-lubrication-filtration-business-301367052.html

SOURCE SKF

FAQ

What is the significance of SKF's acquisition of EFOLEX AB?

The acquisition enhances SKF's lubrication management capabilities and aligns with its existing technologies.

What does EFOLEX AB specialize in?

EFOLEX AB specializes in industrial lubrication and oil filtration systems, particularly offline filtration for process manufacturing and energy industries.

When was the acquisition of EFOLEX AB completed by SKF?

The acquisition was completed on September 1, 2021.

How many employees does EFOLEX AB have?

EFOLEX AB currently has approximately 10 employees.

What technology will the acquisition of EFOLEX enhance for SKF?

It will enhance SKF RecondOil's Double Separation Technology and overall lubrication management capabilities.