It has purchased GLOi, a Swedish-based alignment technology solutions company, and Hofmann Engineering North America, a specialist engineering services company located in Ontario, Canada.

“An important part of our strategy is to grow our service platform business, both organically and through acquisitions,” said Vartan Vartanian, president, SKF Industrial Market, Regional Sales and Service. “GLOi’s technology expertise will help us to accelerate sales of our alignment and condition monitoring offerings. Having their capabilities within SKF puts us in a stronger position to launch and further develop both generic alignment tools and high-end application-specific alignment systems.

“Hofmann Engineering North America is recognized for its large pinion and gear solutions and expertise in grinding. Their vastly experienced people and high-quality services will make an important contribution to what we can offer to both OEM and aftermarket customers through our SKF Solution Factory network.”