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SKF at $ 8,000 million euro acquire BVI 100% stock

SKF acquires of German ship parts suppliers Blohm + VossIndustries (BVI) has obtained the approval of the relevant authorities to complete the acquisition. The SKF pay about 80 million euros to acquire 100% stake in BVI, and inherited Net loans / cash of 18 million euros.
BVI is a leading marine quality equipment manufacturers and service providers, and major manufacturing shaft parts (seals and bearings), stabilizer and water separator, there are about 400 employees, with annual sales of approximately 100 million euros. BVI is well matched to with SKF ship strategy and complementary, the acquisition will further strengthen the influence of SKF in the shipbuilding industry, as well as to strengthen the global service network.
After the acquisition, BVI and Rusi Kai Fu ship sector.

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