SKF Canada to acquire Hofmann Engineering North America
Company purchase considered a great addition to SKF Solution Factory initiative.
September 10, 2014 By Andrew Joseph
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 square foot facility with 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.
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.
The SKF Group is a leading global supplier of products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. Services include technical support, maintenance services, condition monitoring, asset efficiency optimization, engineering consultancy and training.
SKF has around 140 manufacturing sites in 28 countries and is represented in over 130 countries through its own sales companies and over 15,000 distributor locations. Annual sales in 2013 were SEK (Swedish Krona) 63,597 million (CDN $9.8-billion) with over 48,000 employees.
For further information, please contact: SKF Canada marketing manager, Lars Ruuth 416 299-2846; 416 770-6721 or via e-mail at lars.ruuth @skf.com.