SKF has completed the acquisition of Laser Cladding Venture n.v. (LCV), an additive manufacturing company based in Belgium.

LCV is a niche engineering start-up specialized in various additive manufacturing technologies and processes, which can be applied to support SKF service and remanufacturing offering.

The source mentioned: “Additive manufacturing will play an important role in developing tomorrow’s value proposition to support customers’ future application needs”. In addition, “additive manufacturing will facilitate a circular economy approach which supports SKF’s ambition to provide solutions that minimizes the overall CO2 footprint”.

SKF is a leading company manufacturing bearings and offering solutions that reduce friction and CO2 emissions, whilst at the same time increasing machine uptime and performance. SKF offers products and services around the rotating shaft include bearings, seals, lubrication management, artificial intelligence and wireless condition monitoring. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide.