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Announced

Completed

SKF completed its acquisition of Form Automation Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

software development

Completed

Acquisition

Friendly

Software

Private

Majority

Single Bidder

Synopsis

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SKF, a Swedish bearing and seal manufacturing company, completed its acquisition of Form Automation Solutions, a US-based software development start-up company. Financial terms were not disclosed. "By making the technology behind the GoPlant software a part of our offering, we will strengthen our customers' task management and inspection ability, turning the manual data collection process into actionable information for the operator. This supports our aim of helping them improve the performance and output of their machinery," John Schmidt, SKF President, Industrial Sales, Americas.

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