SKF and Meridium Alliance Increase Product Offerings, Services, & Support

SKF and Meridium Alliance Increase Product Offerings, Services, & Support SKF USA, Inc. and Meridium, Inc. completed an agreement granting SKF non-exclusive rights to license and distribute Meridium Asset Performance Management System (APM) software. Additionally, SKF will be a preferred service provider for Meridium, providing consultation, training and services to facilitate implementation of asset management methodologies for new and existing customers. The agreement fits well into SKF¡¯s expanding asset management services portfolio, and extends Meridium¡¯s global reach by leveraging the SKF resources. The key features of the agreement state that: • SKF is licensed to distribute Meridium¡¯s APM software, focused on Condition Assessment, Performance Management, and Strategy Management solutions • SKF will be certified as a preferred service provider for Meridium software, including the Reliability Centered Maintenance & Optimization (RCMO) software for the SAP market • SKF Reliability Maintenance Institute will offer training on the Meridium software programs, and • Meridium will contribute to SKF¡¯s knowledge engineering platform by expanding their contribution of application information to the educational web portal, www.aptitudexchange.com. SKF and Meridium will also participate jointly in developing future technologies and services for optimized asset management. Meridium services will be offered globally through SKF Service Division¡¯s Reliability Systems business area. The SKF Asset Management Services group will be the Center of Excellence to deliver Meridium products and services to the market. Wil Chin, ARC Advisory Group, commented, ¡°This is an ideal marriage in the context of the complementary nature of SKF and Meridium's combined resources. With zero overlap in their offering, the benefits of this collaboration will equal much more than the sum of their parts. Meridium¡¯s workflow expertise and enterprise software will fit nicely into SKF¡¯s Asset Efficiency Optimization framework, a complement to SKF's portfolio of monitoring and diagnostic applications, while Meridium's Asset Performance Management solutions will quickly receive exposure in markets and industries worldwide.¡±