The Swedish rolling bearings and seals manufacturing group SKF said on Tuesday (4 July) that it has completed its previously announced acquisition of French aerospace bearings and machine tool applications maker SNFA SAS.
SNFA has 720 employees at manufacturing operations in France, Italy and the United Kingdom, and reported sales of EUR82m in 2005.
is a family-owned specialised manufacturer of high-precision anti-friction bearings for the aerospace and machine tool industries.
The Swedish seals and bearings supplier SKF Group said on Monday (3 April) that it has agreed to acquire French bearings manufacturer SNFA SAS for an undisclosed sum.
SNFA manufactures bearings for aerospace and machine tool applications.
LTD, National Bearings Company, Alinabal Inc, Ingersoll-Rand Company, Calnetix Inc, SNFA
The European Commission decided on October 23 to further its inquiry into the taking of joint control of French bearings maker SNFA
by its German competitor INA Holding Schaffler and the American insurance company American International Group (AIG).
will continue to grow as a result over the rating horizon, enhancing its capacity to deal with economic shocks.