Acquisition criteria
• Strategic fit with clear potential synergies and ability to
exploit these in a reasonable timeframe.
• Strong commitment and ownership by acquiring Division.
• Cash flow and EPS accretive in the first full year.
Including goodwill amortization.
• Positive TVA effect (covering full cost of capital) in two to
three years. Including goodwill amortization.

Acquistition strategy for profitable growth
Reinforcing existing products, process technologies
and market presence.
Creating customer value through integration of
electronics, software and application know-how.
Expanding in growing market segments and regions.
Establishing manufacturing in low cost countries in
CEE and Asia.

Acquisition strategy;
Identifying gaps and opportunities in all platforms
Bearings Lubrication
Seals Services systems Mechatronics
and units
Products SNFA (2006) Economos (2006) Safematic (2006) ABBA (2007)
GLO (2008) Macrotech (2006) Jaeger (2005)
Macrotech (2009)
Technologies S2M (2007) Baker (2007) Vogel (2004)
Geographies QPM (2008) PMCI (2007) ALS (2007) TCM (2003)
Scandrive (2003) PB&A (2006) Sommers (2005)
Monitek (2006) Cirval (2008)
Segments Peer (2008)