SKF Group has signed an agreement to acquire US-based bearings manufacturer General Bearing Corporation (GBC). Under the agreement, SKF will acquire GBC and its subsidiaries, including the interests in four manufacturing sites in China. The transaction is valued at approximately US$28 per share, representing an aggregate enterprise value of US$125m, and Subscribe to Automotive World … Continued
SKF Group has signed an agreement to acquire US-based bearings manufacturer General Bearing Corporation (GBC). Under the agreement, SKF will acquire GBC and its subsidiaries, including the interests in four manufacturing sites in China.
The transaction is valued at approximately US$28 per share, representing an aggregate enterprise value of US$125m, and
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https://www.automotiveworld.com/articles/92034-sweden-us-skf-to-acquire-us-based-bearings-company-gbc/
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