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2006-04-24 News Headlines
SKF strengthens position in oil and gas industry Acquisition of condition based maintenance business by SKF to provide a full scope of services and safe instrumentation for the North Sea oil and gas industry.
SKF has signed an agreement to acquire the remaining 50% of the Norwegian
company RC DEI Norge AS from the AGR Group. The acquisition is subject to the approval of the Norwegian Competition Authority. SKF had previously 50% of the company through its subsidiary DEI, Aberdeen, Scotland, that SKF aquired in 1999. RC DEI has a turnover of approximately 12 MNOK and is located outside Stavanger, Norway. The RC DEI business mainly consists of services for condition based maintenance principally servicing the oil and gas industry on the continental shelf of the North Sea. "This acquisition is a further step in strengthening SKF's position
in the oil and gas industry," said Phil Knights, President of the
Service Division. "This field service organization along with its
former parent company DEI and the rest of SKF reliability systems resources
can provide the full array of reliability services to the North Sea oil
industry. This field service operation will also support our role in the
collaboration with Statoil
SKF is the leading global supplier of products, solutions and services in the area comprising rolling bearings, seals, mechatronics, services and lubrication systems. The Group's service offer also includes technical support, maintenance services, condition monitoring and training. SKF SKF also holds an increasingly important position in the market for linear
motion products, as well as high precision bearings, spindles and spindle
services for the machine tool industry and lubrication systems. Read a recent press release from SKF about; 'Macrotech Polyseal, a leader in fluid power seals based on polyurethane technologies and engineered plastics, to become part of the Automotive Division of SKF Sealing Solutions.'
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