SKF's acquisition of leading magnetic bearing company now closed

SKF's acquisition of leading magnetic bearing company now closed

SKF acquisition of S2M, a leading company in magnetic bearings, has now been
closed. SKF had already earlier 12% of the share capital in S2M.

S2M has annual sales of around EUR 40 million and 200 employees. The company is
headquartered in Vernon, France, where it also has its manufacturing facilities.
SKF pays around EUR 55 million for the shares.

- We are now into the technologies of tomorrow and that is very exciting, says
Tom Johnstone, President and CEO of SKF. We already have a smaller company in
Canada dedicated to the manufacture of magnetic bearings, SKF Magnetic Bearings.
This new company is very complementary both geographically and from a product
range point of view for SKF. With this acquisition the range of magnetic
bearings is substantially broadened. It is also important to remember that the
magnetic bearing business is complementary to the SKF rolling bearing product
range.

Magnetic bearings can replace hydrodynamic bearings which are bearings used in
large and heavy applications that are energy intensive. The magnetic bearings
will substantially reduce the energy consumption in those applications and thus
contribute to the Group's sustainability efforts and focus. 

- This new technology is a very interesting and fast developing technology that
during the last years has grown out of its development phase, continues Mr
Johnstone. Magnetic bearings are now  considered a reliable alternative for a
number of growing application areas. Main end customer segments are vacuum
pumps, small air and gas compressors. turboexpanders, and compressors mainly for
oil and gas industry. 

- With this acquisition we clearly strengthen our position in the bearing world
and are able to offer our customers a broader product range in a fast growing
market, Mr Johnstone says.

S2M will be part of SKF's Industrial Division and will be included as from 2008
in the Group's consolidated income statement. 

Göteborg, 21 December 2007

Aktiebolaget SKF
(publ) 


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AB SKF may be required to disclose the information provided herein according to
the Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 10.30 am on 21 December 2007.
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For further information, please contact:
PRESS: Lars G Malmer, SKF Group Communication, tel: +46 31-337 1541, mobile: 
+46 705-371541, e-mail: lars.g.malmer@skf.com
IR: Marita Björk, SKF Investor Relations, tel: +46 31-337 1994, mobile: +46
705-181994,          
e-mail: marita.bjork@skf.com


Aktiebolaget SKF, 415 50 Göteborg, tel: 031 337 1000, fax 031 337 1722,
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