SKF acquires French actuator company

SKF acquires French actuator company SKF has acquired Electrac S.A., the leading French manufacturer of electromechanical actuators. SKF already held a minority holding in this company. The acquisition will reinforce SKF's position in the fast-growing market for actuation systems. The addition of Electrac's range of products means that SKF Actuators (a business area within SKF Linear Motion & Precision Technologies) will have a full product portfolio of actuators and control units for applications in a number of areas, particularly Health Care (adjustable beds for hospital and home care, wheelchairs, bath-lifters, etc.), Ergonomics (adjustable tables and chairs, patient-handling equipment, etc.) and Medical equipment (scanners, dental chairs, etc.). Electrac S.A. has 40 employees, a turnover of some MSEK 40 and is located in St. Cry en Val, France. SKF Actuators develops and markets systems combining mechanics and electronics to provide integrated solutions for the "Industrial & Medical" and "Health Care & Ergonomics" segments, with Europe and the USA as the largest markets. As a result of this new acquisition, SKF will now be manufacturing actuators and actuation systems in Sweden, France and the USA. Göteborg, June 13, 2000 Aktiebolaget SKF (publ.) For further information, please contact: Lars G Malmer, SKF Group Communication, tel +46-(0)705-371541, e-mail: Lars.G.Malmer@skf.com Aktiebolaget SKF, SE-415 50 Göteborg, Sweden, tel +46-31-3371000, fax +46- 31-3372832, www.skf.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/06/13/20000613BIT00180/bit0001.doc http://www.bit.se/bitonline/2000/06/13/20000613BIT00180/bit0002.pdf