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Miba acquired the industrial bearing segment of John Crane Group, which has three plants in the US and one in Germany. The deal gives Miba entry into development and production of industrial bearings.
“With the acquisition of the industrial bearing segment of the John Crane Group with three plants in the US and one in Germany, Miba is entering a new business line”miba.com
Summarized from public sources; check the original articles before acting on it.