M&A Deal Summary

SKF Acquires Precision Balancing & Analyzing Co.

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

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 Co.
Sector Machinery
Buyer(s) SKF
Deal Type Add-on Acquisition

Target

Precision Balancing & Analyzing Co.

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
Employees37,842
Revenue 98.7B SEK (2024)
DESCRIPTION

SKF is a multinational company specializing in bearings, seals, lubrication systems, and related services. It provides solutions for industrial and automotive applications worldwide, focusing on reliability, efficiency, and innovation in rotating equipment. SKF was founded in 1907 and is headquartered in Gothenburg, Sweden.


DEAL STATS #
Overall 1 of 12
Sector: Machinery M&A 1 of 5
Type: Add-on Acquisition M&A Deals 1 of 11
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 6
Year: 2006 M&A 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.

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

Elk Grove Village, Illinois, United States

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

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