SNFA

SKF Group
  • Headquarters

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

  • 1907
  • Number of employees

  • 10000+
  • Products

  • Bearings, Belts, Mechatronics, Lubrication

SKF has now acquired SNFA SAS, a leading manufacturer of bearings for aerospace and machine tool applications with head office in Paris, after approvals from the European Commission and the French Ministry of Economy.

SNFA's sales 2005 amounted to Euros 82 millions and the operating margin was 19%. The sales the first six months 2006 has increased with 10 % compared to the same period last year. The number of employees is 720. SKF pays approximately Euros 138.5 million on a cash and debt free basis for 100 % of the shares of SNFA SAS.

SNFA has one manufacturing plant for aerospace bearings located at Valenciennes, outside Paris, employing 430 persons and two plants for manufacturing of high precision bearings located at Turin in Italy and Charfield in the UK. The high precision business employs 290 persons.