SKF acquires lubrication filtration and consulting businesses
SKF, whose expertise is built on the development, design and manufacture of bearings, seals and lubrication systems, announced the recent acquisition of two Swedish companies.
On September 1, SKF announced the completed acquisition of EFOLEX AB, a Gothenburg, Sweden-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.
“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,” said Thomas Fröst, president, Industrial Technologies, SKF.
On August 31, SKF announced the completion of its acquisition of Rubico Consulting AB, an industrial consultancy firm with 10 employees based in Luleå, Sweden.
Rubico Consulting AB specialises in visualisation and analysis of signal data. This expertise will be integrated into SKF’s offer around the rotating shaft, as well as powering new technology areas such as bearings with fiber-optic sensors.
“Rubico’s expertise in signal processing enhances our existing technology base, spanning from traditional IoT [internet of things] hardware to the latest in edge computing. The patented edge algorithm developed by Rubico simplifies and automates analysis of machine data and is an enabler for wireless, energy efficient systems. We look forward to engaging the Rubico team in the development of SKF’s proprietary fiber optic-based load sensing, a technology already being piloted in the north of Sweden,” said Victoria Van Camp, president, SKF Technology.
“With its leading university and focus on sustainable technology investments, Luleå is quickly becoming a hub of industrial innovation within both renewable energy and green steel. This is one of the reasons why SKF continues to invest in developing its hub for IoT development in Luleå.”
Based in Gothenburg, Sweden, SKF’s mission is to be the undisputed leader in the bearing business. Its products and services revolve around the rotating shaft, including 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.