Aktiebolaget SKF

SKF is a global technology provider specializing in products, solutions, and services related to rotation. Founded in 1907 in Gothenburg, Sweden, the company's core business revolves around manufacturing and supplying bearings, seals, lubrication systems, and condition monitoring solutions. SKF's mission is to "re-imagine rotation for a better tomorrow," aiming to optimize rotation across various industries by reducing energy use, minimizing downtime, and extending asset life.

The company offers a comprehensive portfolio of products, including bearings and units, seals, lubrication systems, mechatronics, maintenance products, power transmission products, and vehicle aftermarket components. These offerings are complemented by services such as engineering, maintenance, condition monitoring, and remanufacturing. SKF serves a diverse range of market segments, with industrial applications accounting for approximately 71.6% of its net sales and the automotive sector making up 28.4%. Its solutions are utilized across numerous industries, including aerospace, automotive, wind power, food processing, transportation, mining, and energy.

Led by President and CEO Rickard Gustafson and Chairman Hans Stråberg, SKF maintains its position as the world's largest bearing manufacturer. In recent developments, SKF announced a new organizational structure effective Q1 2026, which includes the separation of its Automotive business, to be named SKF Vertevo, from its industrial segments. The company also recently entered a strategic partnership with Sferical AI to advance industrial AI applications, focusing on areas like predictive maintenance and quality control, reinforcing its commitment to technological innovation and sustainability. SKF operates globally, with a presence in approximately 130 countries and over 17,000 distributor locations.