SKF to Buy Bearings Supplier
SKF has agreed to buy S2M, a subsidiary of British company Edwards Limited, a manufacturer of magnetic bearings, for 55 million euros (US$75.04 million).
S2M has annual sales of 40 million euros (US$54.5 million). It is headquartered in Vernon, France.
S2M focuses mainly on the European markets, with end-user segments in vacuum pumps, small air and gas compressors, turbo expanders and compressors in the oil and gas industry.
S2M will be part of SKF’s Industrial Division.
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