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 has 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 million Euros (£65.2 million) for 100% of the equity of BVI and assumes net loans/cash of 18 million Euros (£14.5 million). The transaction is subject to relevant regulatory approvals. The acquisition is in line with SKF’s strategy to further position