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Swedish bearing manufacturer SKF (STO: SKFA) Goteborg, Sweden, has completed the acquisition of Form Automation Solutions, a US-based software development start-up company. Terms of the transaction were not disclosed.
FAS has developed GoPlant, a mobile-based asset inspection and data collection solution used in industrial applications. The technology will be integrated into SKF's existing mobile solutions and Rotating Equipment Performance offering.
John Schmidt, President, Industrial Sales, Americas, says: "By making the technology behind the GoPlant software a part of our offering, we will strengthen our customers' task management and inspection ability, turning the manual data collection process into actionable information for the operator. This supports our aim of helping them improve the performance and output of their machinery."