Product category:
Bearings
News Release from: SKF UK
Edited by the Engineeringtalk Editorial
Team on 20 February 2002
Clear attraction for SKF Magnetic
acquisition
SKF has acquired Magnetic Group, a leading manufacturer of electromechanical actuators, motors, telescopic drives, control units as well as complete actuation systems.
SKF has acquired Magnetic Group, a leading manufacturer of electromechanical actuators, motors, telescopic drives, control units as well as complete actuation systems With the addition of Magnetic's product range, SKF has reinforced its position in the fast growing market for electromechanical actuators, linear drives and actuation systems
SKF now becomes the second largest manufacturer of electric actuators and actuation systems in the world.
This is of major benefit to the UK market, where SKF Engineering Products (SKF's linear division in the UK) will now be able to offer complete system solutions.
The Magnetic Group, with 370 employees, has an annual turnover of GBP 31.5 million and is headquartered at Liestal, Switzerland.
Magnetic has also manufacturing facilities at Maulburg, Germany as well as service and sales companies in Australia, Denmark, France, Germany and the USA. Request free introductory details about products from SKF UK ...
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