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SKF acquires cleantech start-up company
Views: 3 Author: Site Editor Publish Time: 2019-06-24 Origin: Site
Acquisition of RecondOil Sweden AB, a cleantech company working with lubrication fluid and oil filtration will strengthen SKF’s lubrication offer
Gothenburg, 20 June 2019: SKF has acquired RecondOil Sweden AB, a Swedish cleantech start-up that has developed a chemical filtration and rejuvenation process for industrial lubrication fluid and slop oil.
RecondOil’s turnover in 2017 was SEK 10 million and the acquisition will strengthen the Group’s lubrication management business and rotating equipment performance offer.
Alrik Danielson, President and CEO, says: “This acquisition is a good strategic fit for us. It complements our existing offer around the rotating shaft and will strengthen our ability to offer customers a fee-based value proposition, in which lubrication management systems play an important role.”
“The acquisition is also in-line with our ambition to develop and offer solutions that help customers reduce the environmental impact of their own operations. By bringing together RecondOil’s technology with SKF’s scope and industrial expertise, we will be able to industrialize this offering.”
About BHR Bearing ( Shenzhen Qinggong Bearing Co, Ltd.)
Shenzhen Qinggong Bearing Co., Ltd. （www.bhrbearing.cn）is a well-know bearing manufacturer in China since the year 1996 with its own factory. Despite our own BHR bearings, we also distribute kinds of famous branded bearings from worldwide manufacturers SKF bearings, FAG bearings, NSK bearings, KOYO bearings, NTN bearings, NACHI bearings, ASAHI bearings, TOYOTA auto bearings......and OEM can also be supplied.
We BHR bearing is focused and committed to deliver our customers high quality products and solutions because they are at the core of everything we do. By combining technology with our design engineering expertise we are able to offer a breadth of advanced bearings and solutions. With variety of bearings, competitive prices, fast delivery and good after-sale service, hope we will get a chance to talk bearings together.
