SKF INC Completes Acquisition Of Blohm + Voss Industries GmbH

Thursday, 14 Feb 2013 07:07am EST 

SKF INC announced that the acquisition of German-based ship components provider Blohm + Voss Industries (BVI) has been approved by the relevant authorities and is closed. SKF paid around EUR80 million for 100% of the equity of BVI and assumed net loans of EUR18 million. Blohm + Voss Industries will be integrated into SKF's marine segment and report into the business area Industrial Market, Regional Sales and Service. 

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