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. The company also offers customized solutions to meet the unique needs of its customers. SKF's services include reliability solutions, condition monitoring, circular solutions, and engineering expertise.

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SKF focuses on innovation as a core component of its strategy, investing in research and technology development to drive growth and set industry standards. The company's strategic innovation spans research and technology, product and solutions development, and application know-how. Digitalization and AI are leveraged to accelerate innovation, with a focus on predictive maintenance and digital twins. SKF collaborates with universities and startups to explore adjacent fields and fast-track development. The company also emphasizes innovation in the metals industry, introducing new bearing designs and advanced material technologies to improve performance and reliability. SKF's R&D activities are managed through a full value chain approach built on three core pillars: Research & Technology, Product & Solutions Development, and Application know-how. These pillars are powered by Digitalization & AI to accelerate innovation. The company also leverages external innovation and collaborative ecosystems with partners to maximize customer value. In FY2025, the company incurred expenses of SEK3,409 million on R&D, which as a percentage of revenue stood at 3.7%.