M&A Deal Summary

SKF Acquires 2C Composites

On November 8, 2023, SKF acquired manufacturer 2C Composites

Acquisition Highlights
  • This is SKF’s 2nd transaction in the Manufacturing sector.
  • This is SKF’s 1st transaction in Germany.

M&A Deal Summary

Date 2023-11-08
Target 2C Composites
Sector Manufacturing
Buyer(s) SKF
Deal Type Add-on Acquisition

Target

2C Composites

Heinsberg, Germany
2C Composites is a German high-performance fiber composite supplier that produces tubes, rotors, rolls, and braided sleeves by braiding, cutting, and melting both carbon and ceramic fibers in self-developed machinery. 2C Composites is based in Heinsberg, Germany.

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Buyer(S) 1

Buyer

SKF

Gothenburg, Sweden

Category Company
Founded 1907
Sector Machinery
Employees37,842
Revenue 98.7B SEK (2024)
DESCRIPTION

SKF is a multinational company specializing in bearings, seals, lubrication systems, and related services. It provides solutions for industrial and automotive applications worldwide, focusing on reliability, efficiency, and innovation in rotating equipment. SKF was founded in 1907 and is headquartered in Gothenburg, Sweden.


DEAL STATS #
Overall 11 of 12
Sector: Manufacturing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 11 of 11
Country: Germany M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-11 Form Automation Solutions

Addison, Texas, United States

Form Automation Solutions, Inc. is a US-based software development start-up company. FAS has developed GoPlant, a mobile-based asset inspection and data collection solution used in industrial applications. Form Automation Solutions was founded in 2003 and is based in Addison, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-14 John Sample Group - Lubrication and Flow Management Business

Milperra, Australia

John Sample Group's Lubrication and Flow Management Business provides lubrication services.

Buy -