SKF sold to Applied Industrial own distributive trades
updated: 2012-11-22 0:00:00 hit:1005
SKF (SKF) today announced the sale to Applied Industrial Technologies, Inc. SKF Bearing products in Australia Limited and distribution agencies SKF New Zealand in New Zealand Limited. The transaction is expected to be completed by July 1, 2012.
SKF industrial market, regional sales and service president Wanda Alliance said: "This divestiture in line with the global approach to independent channel partners SKF SKF authorized distributors, to enter the market. This will enable SKF have the opportunity to devote more energy to building a knowledge engineering company, providing customers with a leading global provider of products, services and solutions, combined with the application of industrial technology company to bring the expertise of the distribution market. "
SKF Australia general manager, said: "The application of industrial technology company specialized channels of distribution partners join forces, to provide convenience for our customers in Australia and New Zealand - they have the opportunity to buy the supplement product line. To contentment customers demand, SKF and application of industrial technology company in the North American market, KONE nearly 90 years, we are committed to continue this cooperation in Australia, to ensure that our customers benefit from the new partnership. "
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SKF will still inherit investment in Australia. The new solution plant will be opened in Perth, Australia on May 1, SKF knowledge and SKF technology is presented to customers in a unique way.