SKF signs deal to acquire Blohm + Voss Industries

SKF has signed an agreement to acquire German ship components provider Blohm + Voss Industries (BVI) from Star Capital Partners.

SKF will pay €80m (£67m) for 100 per cent of the equity of BVI and assumes net loans/cash of €18m. The transaction is subject to relevant regulatory approvals.

BVI is a manufacturer of, a service provider for, high-quality equipment for critical marine applications, including shaft components (such as seals and bearings), stabilisers and oily-water separators.