SKF’s acquisition of Lincoln Holdings Enterprises (below referred to as Lincoln Industrial), a leading supplier of lubrication systems and tools, has now been approved by the relevant antitrust authorities. SKF pays around US$1 billion on a cash and debt free basis for Lincoln Industrial. The acquisition is supposed to be finalized by the end of the year. Lincoln Industrial is headquartered in St. Louis, Mo., and has approximately 2,000 employees. In 2010, the company is expected to generate sales approaching US$400 million with an operating …
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