M&A Deal Summary

SKF Acquires Precision Balancing & Analyzing

On August 8, 2006, SKF acquired machinery company Precision Balancing & Analyzing

Acquisition Highlights
  • This is SKF’s 1st transaction in the Machinery sector.
  • This is SKF’s 1st transaction in the United States.
  • This is SKF’s 1st transaction in Ohio.

M&A Deal Summary
Date 2006-08-08
Target Precision Balancing & Analyzing
Sector Machinery
Buyer(s) SKF
Deal Type Add-on Acquisition

Target

Precision Balancing & Analyzing

Mentor, Ohio, United States
Precision Balancing & Analyzing Co. is a spindle repair and upgrade company provides manufactures, repairs, services, and supports spindles for the machine tool industry.

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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 1 of 12
Sector (Machinery) 1 of 5
Type (Add-on Acquisition) 1 of 11
State (Ohio) 1 of 1
Country (United States) 1 of 6
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-05-01 FlexLink AB

Gothenburg, Sweden

FlexLink in is a supplier of innovative automation solutions to assembly and manufacturing industries. Based in Gothenburg, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-23 Preventive Maintenance

Elk Grove Village, Illinois, United States

Preventive Maintenance Co., Inc. is a provider of predictive technology services.

Buy -
Mergr

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