SKF completes acquisition of John Sample Group

PR Newswire

GOTHENBURG, Sweden, Oct. 31, 2024

GOTHENBURG, Sweden, Oct. 31, 2024 /PRNewswire/ -- SKF has completed the previously announced acquisition of John Sample Group's $(JSG.UK)$ Lubrication and Flow Management businesses. JSG is a well-established lubrication system and full-service solutions provider founded in 1921.

"We're glad to welcome our new colleagues from JSG to SKF. This acquisition strengthens our regional capabilities in South-East-Asia and Oceania, with a particular focus on customers in engineered solutions, heavy industries and mobile equipment," says Philipp Herlein, Managing Director, SKF Lubrication Management.

JSG had approximately SEK 550 million of net sales in their latest fiscal year and 85 employees, with operations in Australia, New Zealand, Indonesia and Singapore. The company will be integrated into SKF's existing lubrication management business.

Aktiebolaget SKF

(publ)

Previous press release:

14 August 2024: "SKF makes strategic acquisition to strengthen its lubrication management capabilities" [link]

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: Sophie Arnius, Head of Investor Relations

tel: 46 31-337 8072; mobile: 46 705-908 072; e-mail: sophie.arnius@skf.com

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https://news.cision.com/skf/r/skf-completes-acquisition-of-john-sample-group, c4059311

The following files are available for download:

 
https://mb.cision.com/Main/637/4059311  20241031 SKF completes acquisition of 
/3088140.pdf                            John Sample Group 
https://news.cision.com/skf/i/clptouch  CLPTouch mobile 
-mobile,c3347675 
https://news.cision.com/skf/i/skf-jsg,  SKF JSG 
c3347674 
 

View original content:https://www.prnewswire.com/news-releases/skf-completes-acquisition-of-john-sample-group-302292893.html

SOURCE SKF

(END) Dow Jones Newswires

October 31, 2024 08:25 ET (12:25 GMT)