AKF AB (Sweden) announced it has acquired Magnetic Electromotoren AG (Germany), a manufacturer of electromechanical actuators, motors, telescopic drives and control units.

With this acquisition, SKF becomes the world's second-largest manufacturer of electrical actuators and actuation systems. It also further diversifies SKF's markets from bearings and more heavily into value-added systems.

The company will be absorbed into SKF's Linear Motion & Precision Technologies business unit, part of SKF Industrial.


Other News:
SKF acquires Electromotoren AG
FAG Joplin receives job training grants
SKF acquires Scandrive Control
SKF First-quarter report 2003
Anshan Steel Bearing be out for leading bearing manufacturer
Harbin-Hangzhou Bearing Co., Ltd founded
INA CEO Geissinger discusses 2002 results, future plans
Ground-Breaking ceremony of the Timken-NSK joint venture in Suzhou