SKF acquires supplier of actuation systems
Gteborg, Sweden -- Jan. 15, 2002 -- SKF has acquired Magnetic Group of Liestal, Switzerland, a manufacturer of el...
Gteborg, Sweden — Jan. 15, 2002 — SKF has acquired Magnetic Group of Liestal, Switzerland, a manufacturer of electromechanical actuators, motors, telescopic drives and control units as well as complete actuation systems.
With the addition of Magnetic’s product range, SKF Actuators (a business area within SKF Linear Motion & Precision Technologies) is reinforcing its position in the fast growing market for electromechanical actuators, linear drives and actuation systems.
The Magnetic Group, with 370 employees, has manufacturing facilities at Maulburg, Germany, as well as service and sales companies in Australia, Denmark, France, Germany, and the USA.
As a result of this acquisition, SKF is now the second largest manufacturer of electric actuators and actuation systems in the world, says Christer Gyberg, president, SKF Industrial Division.
SKF Actuators develops and markets systems, which combines mechanics and electronics to provide integrated solutions for the customer. Actuation systems are used within a wide range of products and applications such as conveying and manufacturing technology, automation and robot engineering, industrial and domestic technology, workplace ergonomics, medical technology, rehabilitation, beds and furniture for hospitals and nursing homes.