Advanced Mechanical recently acquired 70% shareholding in Bearing Services Africa. The shareholders agreement, which was formalised on 25th April 2022, will see a significant expansion of the SKF Authorised Distributor’s product and service portfolio, opening up vast new market opportunities within the bearings and industrial space and delivering added value to its customer base.
Bearing Services was first established in January 1999 by Barry Everitt. This noted the acquisition of the first branch Bearing Services East Rand and Bearing Services Alrode as a SKF Authorised Distributor of bearings and units, seals and allied products and services. Grant van Rooyen, who joined Bearing Services in the same year, was appointed Managing Director in 2013. In his capacity as Managing Director and under the guidance of Barry, they grew into a successful operation noting rapid expansion in four key provinces of South Africa, namely; Mpumalanga, Limpopo, Gauteng, and KZN. The total compliment of branches now reporting to Bearing Services Head Office based in Jet Park, Gauteng, is that of nine (9) branches.
Read the full press release here.
