SKF Makes Strategic Acquisition to Strengthen its Lubrication Management Capabilities
The acquisition will strengthen SKF’s position in the Indian and South-East Asia region, a focal point of JGS.
SKF has signed an agreement to acquire John Sample Group’s (JSG) Lubrication and Flow Management businesses. John Samples Group is an Australian lubrication management systems and services provider.
JSG had sales of approximately SEK 550 million in their latest fiscal year, is margin accretive and has 86 employees. Following the acquisition, net sales for SKF’s Lubrication Management business will be around SEK 7 billion.
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.
“This acquisition is a good strategic fit as it enables us to become a significant lubrication systems player in the important ISEA region. Lubrication is an important part of SKF’s portfolio of offering, enabling us to offer our customers tailored stand-alone lubrication solutions as well as improved bearing performance. As an essential part of industrial maintenance, effective lubrication management also contributes to a sustainable business and society,” says Thomas Fröst, President, Independent and Emerging Business, at SKF.
Founded in 1921, JSG is headquartered in Sydney, Australia, and serves a wide range of industries, including mining, construction and off-highway, pulp and paper, food and beverages, and transportation, across the product verticals Lubrication Systems and Instrumentation & Flow. The acquisition is expected to be completed during Q4 2024.