SKF acquires Electric Motor Diagnostics Company in USA

SKF has acquired Baker Instruments Company, Ft Collins, Colorado in USA, a leading manufacturer of test and diagnostic instruments for electric motor assessment.

Baker has yearly sales of some USD 11 million and 62 employees.

The condition monitoring technologies used by SKF to date are based on measurement of mechanical properties, principally via vibration and lubrication analysis.

“This move into electric motor diagnostics is important to our new Energy Efficiency solutions business, and is in line with the SKF Group’s move towards supporting our customers in their Sustainability efforts” says Phil Knights, President SKF Service Division.

Baker’s sales are mainly focused on the industrial motor users and geographically mainly on the American market.

SKF pays USD 14 million for the company, on a cash and debt-free basis. Baker will be part of SKF Reliability Systems within the Service Division.

Göteborg, 21 June 2007

Aktiebolaget SKF
(publ.)




For further information, please contact:
PRESS: Lars G Malmer, SKF Group Communication, tel. +46 (0)31 337 1541, mobile: +46 (0)705-371541, e-mail: Lars.G.Malmer@skf.com
IR: Marita Björk, SKF Investor Relations, tel: +46 (0)31 337 1994, mobile: +46 (0)705-181994, e-mail: marita.bjork@skf.com