AB SKF (publ), trading on the OTCMKTS as SKUFF, is a Swedish engineering company renowned for its expertise in bearings and rotating equipment. Founded in 1907 following the invention of the self‐aligning ball bearing by Sven Wingquist, the company has grown into a global leader in motion technologies. SKF’s core business revolves around the design, manufacture, and sale of bearings, seals and lubrication systems, as well as advanced mechatronics solutions that integrate electronics and mechanical components.
SKF’s product portfolio spans a wide range of industries, including automotive, aerospace, marine, energy, and industrial manufacturing. The company offers ball and roller bearings, plain bearings and bearing housings, complemented by seals, lubrication units and condition monitoring systems. Through its service network, SKF provides aftermarket support such as technical consulting, maintenance services and reliability engineering to help customers optimize machinery performance and minimize downtime.
With a presence in over 130 countries, SKF operates manufacturing facilities, research centres and sales offices across Europe, the Americas, Asia and Africa. The company’s global footprint enables it to serve multinational clients as well as regional and local businesses. SKF’s commitment to innovation is underscored by substantial investments in research and development, focusing on digitalisation, sustainability and energy efficiency to address evolving customer needs and industry trends.
Leadership at SKF is guided by President and CEO Alrik Danielson, who oversees strategic initiatives aimed at driving long‐term growth and enhancing shareholder value. Under his direction, the company has emphasised sustainable business practices, including reducing greenhouse gas emissions and promoting circular economy principles. SKF continues to leverage its century‐long heritage and technical know‐how to deliver engineered solutions that support reliable, efficient and sustainable operations for customers worldwide.
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