Marine products and services provider the SKF Group has acquired German based ship components provider Blohm + Voss Industries (BVI) from Star Capital Partners.
SKF will pay €80m for 100% of the equity of BVI and assumes net loans/cash of €18m. The transaction is subject to relevant regulatory approvals. The acquisition is in line with SKF’s strategy to further position itself as the preferred application development partner offering a full asset life cycle management approach for marine solutions.
Blohm + Voss Industries is a leading manufacturer of, and service provider for, equipment for critical marine applications, including shaft components (seals and bearings), stabilizers, and oily water separators.
