Ebara Pumps Europe (EPE) has reached an agreement with SKF Lubrication Systems Germany to acquire its coolant pump business Spandau Pumpen. The deal is expected to close at the end of September 2023. Germany-based Spandau Pumpen makes screw-type and seal-less coolant pumps for machine tools.
By taking over the business, Ebara is aiming to enter the global market for machine tools and expand its business by providing new products and services. Ebara plans to transfer production to EPE in Italy, and work on developing new customers worldwide.
Minoru Matsushita, EPE managing director, said, “[We] [acquired] Spandau Pumpen, which has a history and brand in the industry. We are confident in the growth of the business by creating synergy with our existing worldwide network.”
The divestment is part of SKF’s decision to focus on its lubrication business such as automatic lubrication systems and components, lubricants, and lubrication tools.
Thomas Fröst, president of independent and emerging business at SKF, added, “We are pleased to sell Spandau Pumpen to Ebara, a pump manufacturer that will be able to continue to develop this business. The divestment is another example of the ongoing pruning of our portfolio, which is an important part of our strategy.”