SKF lubrication management capabilities
SKF lubrication management capabilities – SKF has signed an agreement to acquire the lubrication and flow management business of John Sample Group (JSG). JSG is a well-established provider of lubrication management systems and services. The service is an integral part of the company’s portfolio, and will allow it to offer a customized autonomous lubrication service.
According to the company’s website, the acquisition further strengthens SKF’s offering in an identified growth segment, as well as its business operations in the expansive India and South East Asia (ISEA) region.
More than half of all premature bearing failures are caused by poor lubrication and contamination. This means that lubrication is a critical aspect of machine reliability, with a direct and profound impact on production output and quality, costs and the environment. SKF, through the Lincoln and SKF brand, already has a strong position in automatic lubrication systems today, and the acquisition provides access to JSG’s broad customer base, sales and distribution network, as well as engineering and service capabilities.
JSG had sales of approximately SEK 550 million in its last fiscal year, has room for growth and has 86 employees. After the acquisition, the net sales of SKF’s Lubrication Management business will be around SEK 7 billion.
“This acquisition is a good strategic choice, as it allows us to become a major lubrication systems company in the important ISEA region. Lubrication is an important part of SKF’s portfolio of offerings, enabling us to offer our customers customized stand-alone lubrication solutions as well as improved bearing performance. As an essential part of industrial maintenance, effective lubrication management also contributes to the sustainability of business and society,” says Thomas Fröst, President of SKF Independent and Emerging Businesses.
“At this stage in my career, the transition from John Sample Group is a natural and positive evolution. It is important for me and my family, when making any decision of this kind, to engage with a party whose vision for the future of JSG is so closely aligned with our purpose, values and strategies,” says John Sample, Executive Chairman of John Sample Group Pty Ltd.
Founded in 1921, JSG is headquartered in Sydney, Australia, and serves a wide range of sectors, including mining, construction and off-highway, pulp and paper, food and beverage, and transportation, in product verticals such as Lubrication Systems and Instrumentation and Flow. The acquisition is expected to be completed in the fourth quarter of 2024.
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