SKF expands lubrication management with strategic acquisition
SKF has announced its acquisition of John Sample Group’s (JSG) Lubrication and Flow Management businesses, a move aimed at strengthening its lubrication management offerings, particularly in the growing India and Southeast Asia (ISEA) markets.
The transaction is expected to be finalised in the fourth quarter of 2024.
JSG, headquartered in Sydney, Australia, is known for providing advanced lubrication management systems and services across industries such as mining, construction, pulp and paper, and food and beverages. With sales of approximately SEK550 million (USD52.64 million) and 86 employees, JSG’s acquisition will enhance SKF’s existing lubrication systems portfolio, adding significant value to the company’s operations in the ISEA region.
The acquisition aligns with SKF’s strategy to reduce premature bearing failures, over half of which are caused by poor lubrication and contamination. By integrating JSG’s extensive customer base and distribution network, SKF aims to offer more comprehensive lubrication solutions that not only improve machine reliability but also contribute to sustainability efforts in industrial maintenance.
“This acquisition is a good strategic fit as it enables us to become a significant lubrication systems player in the important ISEA region. Lubrication is an important part of SKF’s portfolio of offering, enabling us to offer our customers tailored stand-alone lubrication solutions as well as improved bearing performance. As an essential part of industrial maintenance, effective lubrication management also contributes to a sustainable business and society,” said Thomas Fröst, president of Independent and Emerging Business at SKF.
John Sample, executive chairman of JSG, also emphasised the alignment of values and strategies between the two companies, noting that the acquisition marks a positive evolution for JSG as he transitions in his career.
“At this stage in my career, transition of the John Sample Group is a natural and positive evolution. It is important for me and my family when making any decision of this kind, to engage with a party whose future vision for JSG is as closely aligned with our purpose, values, and strategies,” Sample said.
SKF (Svenska Kullagerfabriken AB) is a Swedish multinational company that specialises in the manufacturing of bearings, seals, lubrication systems, and related products and services. Founded in 1907 and headquartered in Gothenburg, Sweden, SKF is one of the largest and most well-known companies in the world for its expertise in bearing technology and mechanical engineering solutions.
