M&A Deal Summary

SKF Acquires Hofmann Engineering North America

On September 10, 2014, SKF acquired machinery company Hofmann Engineering North America

Acquisition Highlights
  • This is SKF’s 4th transaction in the Machinery sector.
  • This is SKF’s 1st transaction in Canada.
  • This is SKF’s 1st transaction in Ontario.

M&A Deal Summary
Date 2014-09-10
Target Hofmann Engineering North America
Sector Machinery
Buyer(s) SKF
Deal Type Add-on Acquisition

Target

Hofmann Engineering North America

Cambridge, Ontario, Canada
Hofmann Engineering North America Ltd. is a specialist engineering services company. Its offerings include large pinion and gear solutions, precision grinding, and custom engineering projects.

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Buyer(S) 1

Buyer

SKF

Gothenburg, Sweden
Category Company
Founded 1907
Sector Machinery
Employees41,433
Revenue 103.9B SEK (2023)
DESCRIPTION

SKF focused on growth in the areas of technology, industrial experience, and worldwide presence. Simply put, the combination of these three areas is the powerful source of knowledge that makes our uniquely wide range of capabilities possible. SKF was founded in 1907 and is headquartered in Gothenburg, Sweden.

DEAL STATS #
Overall 7 of 12
Sector (Machinery) 4 of 5
Type (Add-on Acquisition) 7 of 11
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-10 GLOi AB

Molndal, Sweden

GLOi AB is an alignment technology solutions company. GLOi has developed and launched an integrated shaft alignment solution based on the iOS software platform used by iPads and iPhones.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 Canfield Technologies

Sayreville, New Jersey, United States

Canfield Technologies is a manufacturer of solder, pastes and preforms for metal joining, used in the electronics, plumbing and jewellery industries. The Company’s products include fluxes, pastes, alloys and preforms, among others. Canfield sells to customers in a variety of end markets, including plumbing, electronics, stained glass, metal plating, and transportation. Canfield Technologies was founded in 1844 and is based in Sayreville, New Jersey.

Sell $23M
Mergr

Product

Company

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