Momentum Group acquires SKF’s Swedish spindle service operations
In order to further strengthen Momentum Group’s market position in service and maintenance for Swedish industry, the subsidiary Rörick Elektriska Verkstad AB (“Rörick”) has today signed an agreement to acquire SKF’s spindle service operations in Sweden. The acquired operations generate annual revenue of approximately MSEK 10 with favourable profitability. The acquisition will be conducted as a conveyance of assets and liabilities. The acquired service operations provide testing and maintenance of machine tool spindles, which are the heart of industrial machine tools. The existing unit at