Product category:
Bearings
News Release from: SKF UK
Edited by the Engineeringtalk Editorial
Team on 06 August 2007
Bearings acquisition announced
SKF has purchased the S2M business from UK based Edwards, by increasing its existing shareholding of 12% in S2M to 100% with an investment of approximately Eur 55 million.
SKF has expanded its bearings business with the acquisition of S2M, a major European manufacturer of specialised magnetic bearings and motors for use in a wide range of demanding applications SKF has purchased the S2M business from UK based Edwards, by increasing its existing shareholding of 12% in S2M to 100% with an investment of approximately Eur 55 million
This article was originally published on Engineeringtalk on 1 Aug 2008 at 8.00am (UK)
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Founded in 1976 and now with an annual turnover of around GBP 27 million, S2M has its headquarters and manufacturing centre in France, where the company employs around 200 people in the design, development and production of highly specialised magnetic bearings and high speed motors.
These are based on a combination of proven electromagnetic principles and precise sensor and servo-control technologies, creating products that are extremely energy efficient, reliable and capable of offering an extremely long operating life even under arduous conditions.
In particular, the company's latest contact-free magnetic bearings are used in a variety of technically and environmentally challenging applications that include vacuum pumps, small air and gas compressors, turbo expanders and compressors for the oil and gas, semiconductor and aerospace industries.
SKF's Chief Executive, Tom Johnstone, explains that the electromagnetic technologies developed by S2M are extremely interesting and fast developing.
"In recent years these have grown from their development phase and are now considered a reliable option in many different applications".
"The acquisition will therefore give SKF access to a new and exciting range of products that complement our existing magnetic, plain, ball and rolling bearings, and bearing units and housings".
Tom Johnstone added that the acquisition of S2M, "Strengthens still further our position as the world's largest manufacturer of bearings and, more importantly, means that we can offer our customers an even wider range of specialised products, backed by the expertise and knowledge of a worldwide team of team of industry experts and dedicated technical support engineers".
S2M will become part of SKF's Industrial Division.
The acquisition is subject to approval by the relevant authorities. Request free introductory details about products from SKF UK ...
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