Main Directory of brands and manufacturers SNFA


SNFA

SKF Group

  • Headquarters

  • Sven Wingquist Gata 2, Göteborg, Sweden SE-415 50, SE
Sweden

  • Established time

  • 1907

  • Number of employees

  • 10000+

  • Products

  • Mechatronics, Bearings, Belts, Lubrication

SKF Expands its Aerospace and High-Precision Capabilities with the Acquisition of SNFA

SKF has now completed the acquisition of SNFA SAS, a leading manufacturer of bearings for aerospace and machine tool applications, with its head office in Paris. The transaction received approval from the European Commission and the French Ministry of Economy. In 2005, SNFA’s sales amounted to 82 million euros, with an operating margin of 19%. Sales for the first six months of 2006 increased by 10% compared to the same period last year. The company employs 720 people.

SKF is paying approximately 138.5 million euros on a cash and debt-free basis for 100% of the shares in SNFA SAS. SNFA’s aerospace bearing manufacturing plant is located in Valenciennes, near Paris, with 430 employees. Two manufacturing plants for high precision bearings are located in Turin (Italy) and Charfield (UK), employing a total of 290 people.