The global site of the UK's leading magazine for automation, motion engineering and power transmission
21 September, 2018

Product and Supplier Search

Facebook

SKF buys its way into second actuator slot

01 February, 2002

SKF claims to have become the world`s second largest manufacturer of electric actuators, following its purchase of the Swiss-based Magnetic Group, whose products include motors, controllers, and telescopic drives, as well as actuators. The Group, which employs 370 people and has annual sales worth around £31m, has manufacturing sites in Germany and Switzerland.

The Group will join SKF Actuators - part of SKF`s Linear Motion and Precision Technologies business. Christer Gyberg, head of SKF`s Industrial division, says that the acquisition will strengthen the company`s presence in the expanding actuator market and will allow it to offer complete actuation systems.

The acquisition also reflects SKF`s strategy of expanding its electronics activities, offering products and processes with higher added value.




Magazine
  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here

    To see the latest Products & Services Directory, click here

     

Exhibition

Birmingham 2020The next Drives & Controls Exhibition and Conference will take place in Birmingham, UK, from 21-23 April, 2020. For more information on the event, visit the Show Web site

Poll

"Do you think that robots create or destroy jobs?"

Newsletter
Newsletter

Events

Most Read Articles