AB SKF (OTCMKTS:SKFRY) is a global leader in the design, manufacture and sale of bearings, seals, lubrication systems and services that reduce friction across a wide range of machinery and equipment. Founded in Gothenburg, Sweden in 1907 as Svenska Kullagerfabriken, the company pioneered the self-aligning ball bearing and has since expanded into advanced mechatronics, condition monitoring and predictive maintenance solutions. Headquartered in Gothenburg, SKF operates in more than 130 countries, serving customers in automotive, aerospace, energy, industrial and marine markets.
The company’s core product portfolio includes rolling bearings, plain bearings, shaft seals, mechatronics modules and lubrication units. SKF also provides integrated services, ranging from asset management and maintenance contracts to digital condition monitoring platforms that leverage data analytics and the Industrial Internet of Things. This combination of products and services enables customers to optimize performance, extend equipment life and reduce total cost of ownership.
SKF’s global footprint comprises manufacturing and R&D facilities in Europe, North and South America, Asia, Africa and Oceania. The company maintains a network of technical centers and customer workshops, ensuring localized support and rapid deployment of maintenance and repair services. End markets include heavy industry, off-highway vehicles, wind energy, railway systems and general manufacturing, where SKF’s solutions help improve energy efficiency and operational reliability.
Under the leadership of President and CEO Alrik Danielson, SKF pursues a strategy focused on innovation, digitalization and sustainability. Recent initiatives emphasize the development of smart bearings and digital services that deliver real-time insights into machine health. By combining engineering expertise with advanced technologies, SKF aims to strengthen its market position and support customers in meeting evolving performance and environmental challenges.
