AB SKF (SKF) is a technology and engineering company specializing in bearing technology for rotating equipment. It operates in over 130 countries and serves more than 40 industries, including industrial drives, heavy industry, automation, machine tools, railway, marine, energy, and aerospace. SKF is known for its comprehensive portfolio of bearings, seals, lubrication systems, and intelligent solutions like condition monitoring.

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SKF invested SEK3.3 billion in research and development in 2024, focusing on creating a strong product and services pipeline that enhances customer value and supports profitable growth. The company collaborates with universities and start-up companies globally to advance research, develop new technologies, and accelerate innovation. By providing solutions to minimize friction and energy waste, AB SKF contributes to the global transition toward sustainability. The R&D unit of the company is SKF, which is responsible for making strategic decisions and funding research and development. It owns and controls the Intellectual Property Rights within the company, while subsidiaries perform tasks as decided by SKF, having limited commercial liability. In FY2024, the company spent SEK3,326 million on R&D, which as a percentage of revenue stood at 3.4%, and grew 0.7% YoY.