SKF Group to acquire Blohm + Voss Industries GmbH
Strengthens SKF’s position as global specialist offering complete life cycle & asset management solutions for the marine industrySKF today announced they have signed an agreement to acquire German-based ship components provider Blohm + Voss Industries (BVI) from Star Capital Partners. SKF will pay 80 MEUR for 100% of the equity of BVI and assumes net loans/cash of 18 MEUR. The transaction is subject to relevant regulatory approvals. The acquisition is in line with SKF’s strategy to further position itself as the preferred application development partner offering a full asset life cycle