SKF to buy Baker Instruments

Swedish bearings manufacturer SKF AB (SKFB.ETR) Thursday announced that it was acquiring US-based Baker Instruments Company, a leading manufacturer of test and diagnostic instruments, for $14 million.

Phil Knights, President of SKF Service Division, said the acquisition marked the Swedish company’s entry into the electric motor diagnostics segment. Baker Instruments has annual sales of $11 million and employs 62 people, SKF mentioned.

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