GOTHENBURG, Sweden, Nov. 8, 2023 /PRNewswire/ -- SKF has signed an agreement to acquire 2C Composites, a German high-performance fibre composite supplier. Through the acquisition, SKF will secure the supply of a leading and unique technology of composite layers which will strengthen the Group's magnetic bearings offer.

2C Composites produces tubes, rotors, rolls and braided sleeves by braiding, cutting, and melting both carbon and ceramic fibres in self-developed machineries. The products are used in various applications, for example in the high-speed electric motor industry.

Frédéric Ponson, Director, SKF Magnetic Bearings, says: "This acquisition will help us to further grow and develop our magnetic bearings business. 2C Composites has developed a leading and unique technology of composite layers that, besides strengthening our magnetic bearings offer to existing customers, also has the potential to grow the business with additional promising revenue streams."

Magnetic bearings are one of SKF's technology growth areas. In 2022, the Group secured a record order intake for these products of over SEK 1 billion.

Aktiebolaget SKF

(publ)

CONTACT:

For further information, please contact:

PRESS: Carl Bjernstam, Head of Media Relations

tel: 46 31-337 2517; mobile: 46 722-201 893; e-mail: carl.bjernstam@skf.com

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations

tel: 46 31-337 2104; mobile: 46 705-472 104; patrik.stenberg@skf.com

The following files are available for download:


     
     https://mb.cision.com/Main/637/3871116/2414109.pdf                20231108 SKF strenghtens magnetic bearings offer by acquiring fibre
                                                                           composite company



     
     https://news.cision.com/skf/i/skf-s2m-magnetic-bearing,c3236522 
     SKF S2M Magnetic Bearing



     
     https://news.cision.com/skf/i/frederic-ponson,c3236523          
     Frederic Ponson

View original content:https://www.prnewswire.co.uk/news-releases/skf-strengthens-magnetic-bearings-offer-by-acquiring-fibre-composite-company-301981244.html

Tags

More Like This

SKF inaugurates magnetic bearing factory in Morocco to meet increased demand

SKF and Sieb & Meyer Announce Strategic Partnership for magnetic bearings

SKF redesigns Industrial organization to increase competitiveness

SKF advances Insight bearing technology through collaboration with Sentea

SKF concludes strategic review of Aerospace business; strengthens its core business

SKF makes acquisition to strengthen its Condition Monitoring portfolio

SKF develops first bearings designed for circular performance

SKF inaugurates factory in Monterrey, Mexico