NBI Bearings Europe, S.A. agreed to acquire 75% stake in Aida Ingenieria SL for €0.7 million.
March 07, 2018
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NBI Bearings Europe, S.A. (BME:NBI) agreed to acquire 75% stake in Aida Ingenieria SL for €0.7 million on March 8, 2018. The transaction will be carried out via a combination of acquisition and capital increase for a total consideration of €0.7 million.
NBI Bearings Europe SA is a Spain-based company engaged in the bearings production. The Company focuses on the design, development and manufacture of ball and roller bearings for various applications, such as cranes and offshore machinery; gear boxes; industrial machinery; agricultural equipment; tubular stranders, as well as pulleys and shear blocks. The Company's products range includes single row ball bearings; cylindrical, tapered, spherical and needle roller bearings; support rollers; cam followers, as well as cylindrical and spherical roller thrust bearings. In addition, it provides advisory related to bearing selection and dimensions; technical assistance; as well as tailor-made design, among others. The Company is controlled by Pakel Rmi Promocion de Empresas SL.
NBI BEARINGS EUROPE, S.A. 
