# 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.

- Type: Acquisition
- Announced: 2023-07-12
- Where: Germany
- Status: announced
- Products: coolant pumps
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [EBARA Corporation](https://endata.com/companies/499.md) (partner)
- [Ebara Pumps Europe](https://endata.com/companies/3074.md) (acquirer)
- [SKF](https://endata.com/companies/4959.md) (partner)
- [Spandau Pumpen](https://endata.com/companies/10782.md) (target)
- [SKF Lubrication Systems Germany GmbH](https://endata.com/companies/10823.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/skf-divests-coolant-pumps-operations-301875202.html), 2023-07-12: "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."
- [ebaraeurope.com](https://www.ebaraeurope.com/news-events/acquisition-of-spandau-pumpen-by-ebara-pumps-europe-s-p-a/), 2023-07-12: "We are proud to announce the acquisition of the German company Spandau Punpen, By taking over the business and utilizing the EBARA Group's resources and network"
- [advant-beiten.com](https://www.advant-beiten.com/en/news/adacta-und-advant-beiten-beraten-ebara-beim-erwerb-eines-geschaeftsbereichs-von-skf), 2023-07-23: "The parties have agreed that the purchase price will not be disclosed. The transaction will most likely be closed at the end of September 2023."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.