A.T.E. Enterprises to acquire SKF India’s Textile BusinessA.T.E. Enterprises has concluded an agreement to acquire the textile machinery component business from SKF India Ltd. The textile machinery components manufactured by SKF include key products such as high speed spindles, drafting systems and top rollers for ring frames and speed frames. The transaction is expected to be completed in Q1 2012.
SKF will, as part of the divestment of its Textile Business, fully transfer the SKF technology
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