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Day: June 22, 2007

Hagemeyer CEO to Resign in ’08

Leave a Comment / Free, Companies, Top Distributor Sectors, Industrial, Electrical, News, Subscriber Only / By

Hagemeyer, Naarden, the Netherlands, announced that Rudi de Becker will resign as CEO and chairman of the Board of Management of Hagemeyer at the next annual general meeting of shareholders in April 2008.
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Hagemeyer said that De Becker wants to spend more time with his family.
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Commenting on the resignation of de Becker, Adri Baan, chairman of the Supervisory Board said: Rudi de Becker joined Hagemeyer after a period of financial difficulties and he has made a significant contribution to Hagemeyer's recovery. We regret but respect his decision and we trust that a suitable successor will be found."
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Hagemeyer is a distributor of electrical parts and supplies, safety and other MRO products in 25 countries in Europe, North America and ...

SKF Acquires Baker Instruments Co.

Leave a Comment / Finance, mergers and acquisitions, Free, Top Distributor Sectors, Power Transmission/Motion Control/Fluid Power, News, Subscriber Only / By

SKF has acquired Baker Instruments Company, Fort Collins, CO, a manufacturer of test and diagnostic instruments for electric motor assessment. Baker has sales of $11 million.
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This move into electric motor diagnostics is important to our new Energy Efficiency solutions business, and is in line with the SKF Group's move towards supporting our customers in their Sustainability efforts," said Phil Knights, president, SKF Service Division.
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Baker's sales are mainly focused on the industrial motor users in the U.S.
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SKF paid $14 million for the company. Baker will be part of SKF Reliability Systems within the Service ...

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