Date: 2013-08-01

SKF Acquires Austrian Industrial Seals Company

SKF and Salzer Holding GmbH, the owners of the Austrian industrial seals company Economos Austria GmbH, have signed a Memorandum of Understanding related to the acquisition by SKF of 100% of the shares in Economos.

Economos' Group sales for the year ending December 2005 were 77 million Euros and the number of employees was 899. Economos has a global presence, with Western Europe being its main market. The company is headquartered in Judenburg.

Economos manufactures hydraulic and pneumatic seals for the oil and gas, food and beverage, pulp and paper, mining and steel segments. These seals are made from a variety of materials including advanced plastics. Economos

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