SKF Bearing Development Service Platform completes two mergers and acquisitions

Bearing supplier SKF recently announced that the company recently completed two new acquisitions. The acquisition targets were GLOi, a calibration technology solution provider, and Hofmann Engineering North America, an engineering services company.

SKF Bearing

“An important part of the company's strategy is to expand our service platform business, including organic growth and M&A expansion,” said Vartan Vartanian, head of SKF Industrial Markets, regional sales and services: “GLOi's technical expertise will help us accelerate calibration and status. Monitor the business growth of the product."

“Hofmann Engineering North America is known for its expertise in large and small gear solutions and grinding. Their experienced personnel and high-quality services will make an important contribution to our supporting and aftermarket business.”

Headquartered in Sweden, GLOi was established in 2010. Its operating income last year was SEK 6.3 million. Hofmann Engineering North America is headquartered in Ontario, the United States, and employs only 16 people. Its products include gears, precision grinding and customer engineering projects.

Alps Potentiometer

Alps Potentiometer,Potentiometers Used In Cars,Potentiometer Used In Motorcycles,Potentiometer Extension Shaft

DA CHENG MINGHUA LIMITED , https://www.alpsswitch.com