AB SKF - Company Profile
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AB SKF (SKF) is a technology and engineering company focused on reducing energy waste by combating friction. The company specializes in providing a comprehensive portfolio of products and services, including bearings and bearing units, seals, lubrication systems, and intelligent solutions like condition monitoring. SKF is associated with notable brands in the industrial and automotive sectors. Its products and services cater to a wide range of industries, including railway, aerospace, agriculture, marine, mental. pulp and paper, heavy industries, and automotive, supporting applications such as e-powertrain and machine health assessment. SKF operates through a network of distributors to supply its offerings globally. The company has a presence across several continents, including Africa, Asia, Europe, North America, and South America. SKF is headquartered in Gothenburg, Sweden.
AB SKF premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Bearings, Units and Housings: | Rotation as a Service | SKF |
| Ball Bearings | Logistics | Peer |
| Roller Bearings | Consulting | Kaydon |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In June, the company entered into a partnership with Tata Consultancy Services to enable SKF to build a digital enterprise, using AI to reimagine industrial manufacturing business. |
| 2026 | New Products/Services | In May, SKF India (Industrial) introduced a next-generation bearing and motor solutions to improve energy efficiency, boost durability, and reduce total cost of ownership in harsh industrial sectors. |
| 2026 | Contracts/Agreements | In March, the company signed an agreement to acquire G-Tech Instruments Inc, a developer of vibration analyzers and condition-monitoring systems. |
Competitor Comparison
| Key Parameters | AB SKF | Schaeffler AG | JTEKT Corp | NSK Ltd | NTN Corp |
|---|---|---|---|---|---|
| Headquarters | Sweden | Germany | Japan | Japan | Japan |
| City | Goeteborg | Herzogenaurach | Kariya | Shinagawa-Ku | Osaka |
| State/Province | - | Bayern | Aichi | Tokyo | Osaka |
| No. of Employees | 35,680 | 109,549 | 43,233 | 26,278 | 21,305 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Hans Straberg | Chairman | Executive Board | 2018 | 69 |
| Rickard Gustafson | Director; Chief Executive Officer; President | Executive Board | 2021 | 62 |
| Susanne Larsson | Chief Sustainability Officer; Chief Financial Officer; Senior Vice President - Group Finance and Sustainability | Senior Management | 2025 | 58 |
| Annika Olme | Chief Technology Officer; Senior Vice President - Technology Development | Senior Management | 2022 | 53 |
| Joakim Landholm | Senior Vice President - Commercial and Operations Development | Senior Management | 2022 | 57 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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