SKF India has entered into an agreement with German-based ship components provider Blohm + Voss Industries (BVI) to acquire 100 per cent stake in the company from Star Capital Partners for about 80 million euro. The transaction is subject to relevant regulatory approvals.
The acquisition is in line with the company’s strategy to further position itself as the preferred application development partner offering a full asset life cycle management approach for marine solutions.
Blohm + Voss Industries is a manufacturer of, and service provider for, equipment for critical marine applications, including shaft components (seals and bearings), stabilizers, and oily water separators while, SKF India provides products, solutions and services in the areas of rolling bearings, seals, mechatronics, services and lubrications systems. The company manufactures different types of bearings, seals including roller bearings, bearing units, housings, industrial and hydraulic seals, linear motion products, high precision bearing, spindles, electrical actuators, actuation systems and rolling bearing steel which are used in cars and truck wheels.
| Company Name | CMP |
|---|---|
| Schaeffler India | 4247.20 |
| SKF India | 1767.90 |
| Timken India | 3592.95 |
| Rolex Rings | 150.70 |
| NRB Bearings | 318.05 |
| View more.. | |
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