SKF makes strategic acquisition to strengthen its lubrication management capabilities
SKF (SKFRY) has announced a strategic acquisition of John Sample Group's (JSG) Lubrication and Flow Management businesses, strengthening its position in the lubrication management sector. This move expands SKF's presence in the India and South-East Asia (ISEA) region, targeting a critical aspect of machine reliability. JSG, with annual sales of approximately SEK 550 million, will boost SKF's Lubrication Management business to around SEK 7 billion in net sales.
The acquisition provides SKF access to JSG's wide customer base, sales and distribution network, and engineering capabilities. It aligns with SKF's strategy to offer tailored lubrication solutions and improve bearing performance. The deal is expected to be completed in Q4 2024, enhancing SKF's ability to address premature bearing failures caused by poor lubrication and contamination.
SKF (SKFRY) ha annunciato un'acquisizione strategica delle attività di Lubrificazione e Gestione dei Flussi del John Sample Group (JSG), rafforzando la sua posizione nel settore della gestione della lubrificazione. Questa mossa espande la presenza di SKF nella regione dell'India e del Sud-Est asiatico (ISEA), mirata a un aspetto critico dell'affidabilità delle macchine. JSG, con vendite annuali di circa 550 milioni di SEK, porterà il business della Gestione della Lubrificazione di SKF a circa 7 miliardi di SEK in vendite nette.
L'acquisizione fornisce a SKF accesso a un'ampia base di clienti di JSG, alla rete di vendite e distribuzione e alle capacità ingegneristiche. Si allinea con la strategia di SKF di offrire soluzioni di lubrificazione su misura e migliorare le prestazioni dei cuscinetti. Si prevede che l'affare venga completato nel quarto trimestre del 2024, migliorando la capacità di SKF di affrontare i guasti prematuri dei cuscinetti causati da scarsa lubrificazione e contaminazione.
SKF (SKFRY) ha anunciado una adquisición estratégica de los negocios de Lubricación y Gestión de Flujos del John Sample Group (JSG), fortaleciendo su posición en el sector de gestión de lubricación. Este movimiento expande la presencia de SKF en la región de India y el Sudeste Asiático (ISEA), abordando un aspecto crítico de la fiabilidad de las máquinas. JSG, con ventas anuales de aproximadamente 550 millones de SEK, impulsará el negocio de Gestión de Lubricación de SKF a alrededor de 7 mil millones de SEK en ventas netas.
La adquisición proporciona a SKF acceso a la amplia base de clientes de JSG, a su red de ventas y distribución, así como a sus capacidades de ingeniería. Se alinea con la estrategia de SKF para ofrecer soluciones de lubricación personalizadas y mejorar el rendimiento de los rodamientos. Se espera que el acuerdo se complete en el cuarto trimestre de 2024, mejorando la capacidad de SKF para abordar los fallos prematuros de los rodamientos causados por una lubricación inadecuada y contaminación.
SKF (SKFRY)는 John Sample Group (JSG)의 윤활 및 흐름 관리 사업을 전략적으로 인수한다고 발표하여 윤활 관리 분야에서의 입지를 강화했습니다. 이로 인해 SKF는 인도 및 동남아시아 (ISEA) 지역에서의 존재감을 확장하며 기계 신뢰성의 중요한 측면을 목표로 하고 있습니다. 연간 매출 약 5억 5천만 SEK를 기록한 JSG는 SKF의 윤활 관리 사업을 약 70억 SEK의 순매출로 끌어올릴 것입니다.
이번 인수로 SKF는 JSG의 광범위한 고객 기반, 판매 및 유통 네트워크, 엔지니어링 능력에 접근할 수 있게 됩니다. 이는 SKF의 맞춤형 윤활 솔루션 제공 및 베어링 성능 개선 전략과 일치합니다. 이 거래는 2024년 4분기 완료될 것으로 예상되며, SKF가 불량 윤활 및 오염으로 인한 조기 베어링 고장을 해결하는 능력을 강화할 것입니다.
SKF (SKFRY) a annoncé une acquisition stratégique des activités de Lubrification et de Gestion des Flux du John Sample Group (JSG), renforçant sa position dans le secteur de la gestion de la lubrification. Cette décision élargit la présence de SKF dans la région Inde et Asie du Sud-Est (ISEA), ciblant un aspect critique de la fiabilité des machines. JSG, avec des ventes annuelles d'environ 550 millions de SEK, propulsera les activités de Gestion de Lubrification de SKF à environ 7 milliards de SEK en ventes nettes.
L'acquisition donne à SKF accès à la large base de clients de JSG, à son réseau de vente et de distribution, ainsi qu'à ses capacités d'ingénierie. Elle s'aligne sur la stratégie de SKF visant à offrir des solutions de lubrification sur mesure et à améliorer la performance des roulements. L'accord devrait être finalisé au quatrième trimestre 2024, renforçant la capacité de SKF à traiter les défaillances prématurées des roulements causées par une mauvaise lubrification et la contamination.
SKF (SKFRY) hat eine strategische Akquisition der Geschäftsbereiche Schmierung und Fluidmanagement der John Sample Group (JSG) angekündigt, um seine Position im Bereich der Schmiermittelverwaltung zu stärken. Dieser Schritt erweitert die Präsenz von SKF in der Region Indien und Südostasien (ISEA) und zielt auf einen kritischen Aspekt der Maschinenverlässlichkeit ab. JSG, mit einem Jahresumsatz von etwa 550 Millionen SEK, wird die Schmiermittelmanagementgeschäfte von SKF auf rund 7 Milliarden SEK Nettoumsatz steigern.
Die Akquisition ermöglicht es SKF, auf die breite Kundenbasis von JSG, auf das Verkaufs- und Vertriebsnetz sowie auf die Ingenieurkompetenzen zuzugreifen. Sie passt zu der Strategie von SKF, maßgeschneiderte Schmierlösungen anzubieten und die Leistung von Lagern zu verbessern. Der Deal soll im vierten Quartal 2024 abgeschlossen werden und die Fähigkeit von SKF verbessern, vorzeitige Lagerfehler, die durch mangelhafte Schmierung und Kontamination verursacht werden, zu beheben.
- Acquisition strengthens SKF's lubrication management capabilities
- Expands presence in the growing India and South-East Asia (ISEA) region
- Adds approximately SEK 550 million in annual sales to SKF's portfolio
- Provides access to JSG's wide customer base and distribution network
- Margin accretive acquisition
- Boosts SKF's Lubrication Management business to around SEK 7 billion in net sales
- None.
More than half of all premature bearing failures are caused by poor lubrication and contamination. This means that lubrication is a critical aspect in machine reliability with a direct and profound impact on production output and quality, costs, and the environment. SKF, through the Lincoln and SKF brand, has already today a strong position in automatic lubrication systems, and the acquisition provides access to JSG's wide customer base, sales and distribution network, as well as engineering and services capabilities.
JSG had sales of approximately
"This acquisition is a good strategic fit as it enables us to become a significant lubrication systems player in the important ISEA region. Lubrication is an important part of SKF's portfolio of offering, enabling us to offer our customers tailored stand-alone lubrication solutions as well as improved bearing performance. As an essential part of industrial maintenance, effective lubrication management also contributes to a sustainable business and society," says Thomas Fröst, President, Independent and Emerging Business, at SKF.
"At this stage in my career, transition of the John Sample Group is a natural and positive evolution. It is important for me and my family when making any decision of this kind, to engage with a party whose future vision for JSG is as closely aligned with our purpose, values, and strategies," says John Sample, Executive Chairman, John Sample Group Pty Ltd.
Founded in 1921, JSG is headquartered in
Aktiebolaget SKF
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: Sophie Arnius, Head of Investor Relations
tel: 46 31-337 8072; mobile: 46 705-908 072; sophie.arnius@skf.com
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SOURCE SKF
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