Thomas Fröst, President, Independent and Emerging Business, at SKF. Image: SKF
SKF has agreed to acquire the lubrication and flow management businesses from Australian-based John Sample Group.
The agreement bolsters SKF’s presence in the sector and business operations in India and the Southeast Asia region. JSG has grown its lubrication management systems and services, and after the acquisition, net sales from SKF’s lubrication management business will be around $7 billion SEK.
The acquisition provides SKF access to JSG’s customer base, sales and distribution network, and engineering and services capabilities. It adds to SKF’s existing portfolio in this space through the Lincoln and SKF brands.
“This acquisition is a good strategic fit as it enables us to become a significant lubrication systems player in the important ISEA region,” Thomas Fröst, president for independent and emerging business at SKF, said.
“Lubrication is an important part of SKF’s portfolio of offerings, enabling us to offer our customers tailored stand-alone lubrication solutions as well as improved bearing performance.
“As an essential part of industrial maintenance, effective lubrication management also contributes to a sustainable business and society.”
SKF, through the Lincoln and SKF brands, has a strong position in automatic lubrication systems. Image: SKF
JSG was founded in 1921 and is headquartered in Sydney. The Australian-based business has a wide range of clients across mining, construction and off-highway, pulp and paper, food and beverages, and transportation. The acquisition is expected to be completed in the fourth quarter of 2024.
“At this stage in my career, the transition of the John Sample Group is a natural and positive evolution,” John Sample, executive chairman of the John Sample Group, said.
“It is important for me and my family when making any decision of this kind, to engage with a party whose future vision for JSG is as closely aligned with our purpose, values, and strategies.”
The post SKF makes acquisition to bolster lubrication management offering appeared first on Quarry.