Q Advisors Represents Baker Instrument Company in its Acquisition by SKF
GÖTEBORG, SWEDEN, June 21, 2007 - SKF has acquired Baker Instrument Company, Ft Collins, Colorado in USA, a leading manufacturer of test and diagnostic instruments for electric motor assessment.
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.
Contact:
Press
Lars G Malmer
SKF Group Communication
+46 (0)31 337 1541
mobile: +46 (0)705-371541
Investor Relations
Marita Björk
SKF Investor Relations
+46 (0)31 337 1994, mobile: +46 (0)705-181994,
|