SKF (SKUFF,SKFB.L,SKF_A.ST,SKFb.ST), the Swedish bearing and seal maker, announced that it has agreed to acquire G-Tech Instruments Inc., a specialist in condition monitoring and measuring instruments technology. The company expects to complete the acquisition within six months.
SKF noted that G-Tech's advanced diagnostic solutions complement its current portfolio, enabling the development of a single, integrated ecosystem that allows customers to detect issues early, plan proactive maintenance, and improve equipment cost of use, performance, and uptime.
Founded in 1998, G-Tech is headquartered in Taiwan and has emerged to a technology leader in its field with critical IP of vibration analyzers, diagnostic tools, and condition monitoring systems. G-Tech is a supplier to SKF and has 50 employees. The company reported sales of approximately $10 million in 2025 with a strong margin.
AB SKF (publ) (SKF-A.ST) on the Stockholm Stock Exchange closed at SEK 236.00 on March 6, marking a decline of SEK 3.00 or -1.26%.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.