SKF agrees to divest Spandau Pumpen coolant pump business to EBARA Pumps Europe

SKF signed an agreement to sell Spandau Pumpen, its coolant pump business, to EBARA Pumps Europe S.p.A., a group company of EBARA Corporation. The divestment is expected to close at the end of September 2023 and is not material to SKF's financials.

“SKF has signed an agreement to divest Spandau Pumpen to EBARA Pumps Europe S.p.A, a group company of the global industrial machinery manufacturer EBARA CORPORATION.”prnewswire.com

• 3 sources
• prnewswire.comSKF divests coolant pumps operationsJul 12, 2023
• ebaraeurope.comAcquisition of Spandau Pumpen by EBARA Pumps Europe S.p.A. - EBARAJul 12, 2023
• advant-beiten.comAdacta and ADVANT Beiten Advise EBARA on the Acquisition of a Business Division of SKF | ADVANT BeitenJul 23, 2023

Summarized from public sources; check the original articles before acting on it.