Announced
Completed
Financials
Sources
Tags
United States
software development
Completed
Acquisition
Friendly
Software
Private
Majority
Single Bidder
Synopsis
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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