Sweden's SKF buys U.S. Baker Instruments

Newswire

STOCKHOLM, June 21 (Reuters) - Sweden's SKF said on Thursday it had bought Baker Instruments Company, a U.S. maker of test instruments for electrical motors, for $14 million on a cash and debt-free basis. SKF, the world's biggest bearings maker, said in a statement the acquired firm had annual sales of around $11 million and 62 employees.

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