SKF Group completes acquisition of Lincoln Lubrication S.A. (Pty) Ltd
2015 February 11, 09:25 Africa
Witfield, South Africa, 5 February 2015: SKF’s acquisition of South African-based lubrication specialist Lincoln Lubrication SA (Pty) Limited has been approved by the relevant authorities and is now closed.
Lincoln Lubrication SA is a leading lubrication services provider on the African continent and has been a market leader in the supply of complete lubrication systems and equipment for over 22 years. The company is also a prominent supplier of other asset protection management technology including liquid fast fill and fire suppression systems.
The acquisition forms part of SKF’s growth strategy to increase its business footprint in Africa. Alongside lubrication solutions, SKF also sellspower transmission products, seals, mechatronics and mechanical and reliability engineering services, supporting its world-class range of bearing products. “The agreement is a perfect fit and part of a natural progression that will take our lubrication offering to another level,” comments SKF S.A. Managing Director, Ian Cilliè.