Photo: SKF

SKF has signed an agreement to acquire G-Tech Instruments Inc., a specialist in condition monitoring and measurement technologies, as part of its strategy to expand digitally enabled service solutions.

The acquisition strengthens SKF’s condition monitoring portfolio, one of the group’s key service areas, and supports its ambition to grow in the aftermarket and deepen customer engagement across industries such as marine, railway, heavy industry, energy, and food and beverage.

G-Tech’s diagnostic technologies complement SKF’s existing offering and will enable the development of a more integrated ecosystem. According to the company, the combined solutions will help customers detect equipment issues earlier, plan maintenance proactively, and improve performance, uptime, and lifecycle costs.

“An important part of our strategy to reignite growth is value-accretive bolt-on M&A. This acquisition delivers that and underlines our commitment to scaling our service business through innovative, intelligent solutions,” says Rickard Gustafson, President and CEO of SKF.

Expanding presence in Asia

The acquisition is also expected to strengthen SKF’s position in Asia, where G-Tech has an established market presence. In addition, G-Tech’s scalable product roadmap and technology capabilities are seen as supporting SKF’s future product development and providing valuable intellectual property.

Founded in 1998 and headquartered in Taiwan, G-Tech employs around 50 people and develops vibration analyzers, diagnostic tools, and condition monitoring systems. The company reported sales of approximately USD 10 million in 2025 with strong profitability.

The transaction is expected to be completed within six months.