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SKF acquires PEER and its bearing manufactures in China and Thailand

September 2008

SKF was advised by Mannheimer Swartling in its acquisition of PEER Bearing Company and its bearing manufactures in China and Thailand. PEER sells primarily to the North American market and will become a wholly-owned subsidiary in the SKF Group. The factories acquired in China are situated in Xinchang and Changshan. The factory in Thailand is situated in Rayong. PEER's main sales organisation is located in Illinois, USA.

The partners responsible for the matter were Ulf Ohrling and Thomas Lagerqvist, assisted by Fredrik Widjer, Deng Xu, Karolina Ericsson, Paul Jin, Nelli Schiebeler and Queenie Chen.

Mannheimer Swartling is the leading business law firm in the Nordic region. The firm works with many of Sweden’s, and the world’s, leading major and mid-sized companies and organisations. A common feature for the firm’s clients is that law plays a vital role in their business success.

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