SKF makes acquisition
12/05/2026
SKF has signed an agreement to acquire G-Tech Instruments Inc, a leading specialist within condition monitoring and measuring instruments technology. The acquisition is a key step for SKF in leveraging digitally enabled reliability solutions to strengthen its end-user and aftermarket presence while deepening customer value and engagement across critical industries, including marine, railway, heavy industries, energy and food and beverage.
By acquiring G-Tech, SKF will enhance its condition monitoring offering, one of three priority areas within the Group’s service business. G-Tech’s advanced diagnostic solutions complement SKF’s current portfolio, thereby 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.
“An important part of our strategy to reignite growth is value-accretive bolt-on mergers and acquisitions (M&As). This acquisition delivers that. It also underlines our commitment as a leader to scale our service business through innovative, intelligent solutions, providing customers additional innovative condition monitoring and reliability solutions,” said Rickard Gustafson, President and CEO at SKF.
Furthermore, G-Tech’s established presence in Asia and scalable product roadmap is expected to unlock new business opportunities for SKF. The acquisition also supports SKF’s future product development, as well as securing valuable intellectual assets.
Founded in 1998, G-Tech is headquartered in Taiwan and has emerged as a technology leader in its field with critical intellectual property (IP) of vibration analysers, diagnostic tools and condition monitoring systems. G-Tech is a supplier to SKF and has 50 employees. The company reported sales of approximately US$10 million (approximately £7.5 million) in 2025 with a strong margin. The acquisition is expected to be completed within six months.
