SKF has agreed to buy S2M, a subsidiary of British company Edwards Limited, a manufacturer of magnetic bearings, for 55 million euros (US$75.04 million).   ; S2M has annual sales of 40 million euros (US$54.5 million). It is headquartered in Vernon, France.   ; S2M focuses mainly on the European markets, with end-user segments in vacuum pumps, small air and gas compressors, turbo expanders and compressors in the oil and gas industry.   ; S2M will be part of SKF's Industrial Division.