RecondOil Sweden AB was acquired by SKF

RecondOil, a Stockholm, Sweden-based company manufacturing an innovative tech used for chemical filtration and rejuvenation process for industrial lubrication fluid and slop oil, announced that it was acquired by SKF, a Swedish supplier of bearings, seals, mechatronics, lubrication systems, and services.

The financial details remained undisclosed.

RecondOil, founded in 1996 by Fred Sundström, is working with lubrication fluid and oil filtration as it built a tech based on the know-how of chemical separation, oil composition and properties, and processing systems. The company's remanufacturing process allows for a continuous separation and removal of impurities (down to nano size particles) in the lubricant/oil, and the result is an extremely clean oil that can be used over and over again in an almost never ending cycle based on a circular economy.

RecondOil had a turnover in 2017 of SEK 10 million.