SKF will acquire ABBA Linear Tech Co., Ltd, a leading Asian manufacturer of profile rail guides, based in Taiwan.  AVVA is currently listed on the emerging companies’ exchange of the GreTai Securities Market in Taiwan.

The ABBA Group has approximately 400 employees, headquartered in Taipel, Taiwan and has facilities in Taiwan and China. SKF is reinforcing its position within linear guides with its addition of ABBA’s product range. The acquisition lines with SKF Group’s strategy to strengthen its different technology platforms and grow in Asia.

ABBA will join the SKF Actuation and Motion Control business unit within the Industrial Division.

The acquisition is subject to the completion of a tender offer by ABBA’s controlling shareholder and relevant regulatory approvals, expected to be finalized during the second quarter of this year.

For more information, visit: www.skf.com