SKF faces declining demand in key regions and pressure from currency fluctuations, impacting revenue growth despite cost-cutting efforts. The company continues to explore new markets, investing 90% of ...

The move advances SKF's plan to create two independent companies aimed at accelerating growth and long-term value.

It will be called SKF Vertevo and a listing is still being planned.

After a strategic review of its aerospace business, SKF plans to shed two facilities with a billion dollars worth of sales each year. Those facilities won’t include the SKF facility in Falconer, ...

SKF Vertevo will be the name of SKF's Automotive business as a stand-alone company. This announcement marks a significant milestone in SKF's process to create two strong, focused and independent ...

Pricing power along with cost flexibility thanks to the adoption of robotics and other automation has enabled to SKF to weather its mostly procyclical end markets. However, we estimate around 10% of ...

GOTHENBURG, Sweden, Nov. 8, 2023 /PRNewswire/ -- SKF has signed an agreement to acquire 2C Composites, a German high-performance fibre composite supplier. Through the acquisition, SKF (SKFRY) will ...

SKF is the largest bearings manufacturer globally, with about 20% share of the global bearings market—about twice as much as its nearest rival. In perpetuating its industry-leading position, SKF ...

SKF (SKFRY), a global leader in bearing and seal technology, has partnered with Proteus Marine Renewables to enhance the performance of the MeyGen tidal stream array, the world’s largest, located in ...

SKF, a global leader in technology and engineering, is intensifying engagement in India's industrial sectors such as energy and railways. The company aims to support faster scaling and reliable, ...

GOTHENBURG, Sweden, Oct. 7, 2019 /PRNewswire/ -- SKF has signed an agreement to acquire Presenso Ltd., a company that develops and deploys artificial intelligence (AI)-based predictive maintenance ...

GOTHENBURG, Sweden, June 20, 2019 /PRNewswire/ -- SKF has acquired RecondOil Sweden AB, a Swedish cleantech start-up that has developed a chemical filtration and rejuvenation process for industrial ...