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Acquisition strategy

 Acquisitions are an integral part of the profitable growth strategy.
 A systematic acquisition process has been established and the
 strategic targets are identified

 Acquisition criteria:
 โ€ข Strategic fit with clear potential synergies and ability to exploit
   these in a reasonable timeframe.
 โ€ข Strong commitment and ownership by acquiring Division.
 โ€ข EPS accretive in the first full year, positive TVA effect in two
   to three years, including amortization of intangible assets.


       Opportunities in most platforms and geographies
Acquisition 2003-2010
Identifying gaps and opportunities in all platforms

                 Bearings                                                          Lubrication
                                            Seals             Services               systems             Mechatronics
                 and units


Products       SNFA    (2006)           Economos    (2006)                       Safematic      (2006)   ABBA   (2007)

                                        Macrotech   (2006)
               GLO    (2008)                                                                             Jaeger   (2005)
                                        Macrotech   (2009)

               S2M    (2007)                                 Baker   (2007)


Technologies                                                                     Vogel    (2004)

                                                                                 Lincoln
                                                                                 Industrial     (2010)

Geographies    QPM    (2008)                                 PMCI    (2007)      ALS   (2007)            TCM (2003)

               Scandrive       (2003)                        PB&A    (2006)      Sommers        (2005)


                                                             Monitek    (2006)   Cirval   (2008)


Segments       Peer   (2008)

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Acquisition criteria 110510

  • 1. Acquisition strategy Acquisitions are an integral part of the profitable growth strategy. A systematic acquisition process has been established and the strategic targets are identified Acquisition criteria: โ€ข Strategic fit with clear potential synergies and ability to exploit these in a reasonable timeframe. โ€ข Strong commitment and ownership by acquiring Division. โ€ข EPS accretive in the first full year, positive TVA effect in two to three years, including amortization of intangible assets. Opportunities in most platforms and geographies
  • 2. Acquisition 2003-2010 Identifying gaps and opportunities in all platforms Bearings Lubrication Seals Services systems Mechatronics and units Products SNFA (2006) Economos (2006) Safematic (2006) ABBA (2007) Macrotech (2006) GLO (2008) Jaeger (2005) Macrotech (2009) S2M (2007) Baker (2007) Technologies Vogel (2004) Lincoln Industrial (2010) Geographies QPM (2008) PMCI (2007) ALS (2007) TCM (2003) Scandrive (2003) PB&A (2006) Sommers (2005) Monitek (2006) Cirval (2008) Segments Peer (2008)