Product category:
Bearings
News Release from: SKF UK
Edited by the Engineeringtalk Editorial
Team on 13 March 2002
SKF to acquire NSK Aerospace Europe
SKF has signed a letter of intent with NSK to acquire 75% of the shares in NSK Aerospace Europe.
SKF has signed a letter of intent with NSK to acquire 75% of the shares in NSK Aerospace Europe NSK Aerospace designs, manufactures and sells bearings for main shafts and gearboxes for jet engines
This article was originally published on Engineeringtalk on 21 Feb 2001 at 8.00am (UK)
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Total sales amounted to GBP 15.29 million during 2001, including a prestigious Rolls Royce contract.
NSK Aerospace Europe employs 260 people.
In the letter of intent it is also stipulated that SKF will acquire the remaining 25% of the shares in 2005.
Once a final agreement is reached, NSK Aerospace Europe will change its name to Aeroengine Bearings UK.
While SKF is already prominent in US aeroengine manufacturing, this contract strengthens its position as a supplier to the European market.
SKF's Aerospace business comprises MRC and CR Aerospace in the US, SKF Avio in Italy, SARMA in France and AMPEP in the UK.
The main customers served are General Electric, Pratt and Whitney, Snecma, Boeing and Airbus. Request free introductory details about products from SKF UK ...
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