MRO Magazine

SKF Completes Divestment of Erin Engineering


May 5, 2015
By Business Wire News

GÖTEBORG, Sweden

Regulatory News:

SKF (STO:SKFB)(STO:SKFA) (Pink Sheets:SKFRY) (LSE:SKFB)

Research, Inc. to Jensen Hughes, a US-based engineering consultancy for the built environment. The total consideration of the deal is approximately SEK 230 million on a cash-free and debt-free basis.

Erin Engineering is a safety and reliability consultancy, specialising in the nuclear energy sector, that was acquired by SKF in February, 2002. Headquartered in Walnut Creek, California, with some 130 employees across the US, it has operated as a stand-alone business within the SKF Group. Sales in 2014 amounted to approximately SEK 250 million.

Aktiebolaget SKF

(publ)

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com

® SKF is a registered trademark of the SKF Group.

This information was brought to you by Cision http://news.cision.com

Media Hotline:
+46 31 337 2400
or
Press Relations:
SKF
Theo Kjellberg
+46 31-337 6576
+46 725-776 576
theo.kjellberg@skf.com
or
Investor Relations:
Marita Björk
+46 31-337 1994
+46 705-181 994
marita.bjork@skf.com