SKF Canada to acquire Hofmann Engineering North America
2014 September 11, 08:56 EST
SKF Canada Ltd and Hofmann Engineering, Australia together with other minority owners, have entered into agreement that SKF acquire Hofmann Engineering North America.
Dan Reed, President of SKF Regional Sales and Service, North America, explains, “Hofmann Engineering North America is a great fit with our strategy and activities. They have a strong product and service portfolio and skilled staff. The complementary nature of their products and technologies will enable us to even better serve our customers in the industrial market in North America. “
Hofmann Engineering North America is a high precision machining operation located in Cambridge, ON in a 50,000 sq ft facility and has 16 employees. It is currently servicing mainly OEM customers handling large components. Main offers include
- Large pinion and gear solutions
- Precision grinding
- Custom engineering projects
A great addition to SKF Solution Factory initiative
SKF Solution Factories is a global SKF initiative to bring people, services and technology together to deliver custom solutions. This acquisition will add to current SKF Solution Factory capabilities and enable SKF to:
- better serve customers in primarily Mining, Metals and Pulp and Paper industries in North America with a more complete product and service portfolio
- expand current offer of customized engineering projects to allow customers to improve asset performance.
For further information, please contact:
Press Relations: Lars Ruuth, 1(416) 299-2846; email@example.com
SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2013 were SEK 63,597 million and the number of employees was 48,401. www.skf.com
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