SKF acquires lubrication filtration business

Gothenburg, 1 September 2021: SKF has completed the acquisition of EFOLEX AB, a Gothenburg-based manufacturer of the Europafilter-branded industrial lubrication and oil filtration systems.

EFOLEX offers offline filtration systems used in process manufacturing and energy industries. They currently have approximately 10 employees.

Thomas Fröst, President, Industrial Technologies, says: “In addition to being an interesting stand-alone product, the Europafilter technology is a good strategic fit with SKF RecondOil’s Double Separation Technology offer and will widen our overall lubrication management capabilities.”

Aktiebolaget SKF
      (publ)

For further information, please contact:
PRESS: Carl Bjernstam, Corporate Communication
tel: 46 31 337 2517; mobile: 46 722-201893; e-mail: carl.bjernstam@skf.com

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
Patrik Stenberg, 46 31-337 2104; 46 705-472 104; patrik.stenberg@skf.com

SKF’s mission is to be the undisputed leader in the bearing business. We do this by offering solutions that reduce friction and CO2 emissions, whilst at the same time increasing machine uptime and performance. Our products and services around the rotating shaft include bearings, seals, lubrication management, artificial intelligence and wireless condition monitoring. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2020 were SEK 74 852 million and the number of employees was 40,963. www.skf.com

® SKF is a registered trademark of the SKF Group.

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