Date: 2013-08-01

SKF Acquires Service Company In Gas And Oil Business

SKF has signed an agreement to acquire the remaining 50% of the Norwegian company RC DEI Norge AS from the AGR Group. The acquisition is subject to the approval of the Norwegian Competition Authority. SKF had previously 50% of the company through its subsidiary DEI, Aberdeen, Scotland, that SKF aquired in 1999. RC DEI has a turnover of approximately 12 MNOK and is located outside Stavanger, Norway.



The RC DEI business mainly consists of services for condition based maintenance principally servicing the oil and gas industry on the continental shelf of the North Sea.

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