AB SKF
Company Profile
Business Overview
-The Company is a global leader in the development and production of products, solutions and services related to rotating shafts, including bearings, seals, and lubrication systems. The Company operates its business through 2 business areas: Industrial and Automotive.
-The Company’s Automotive business develops and produces bearings, seals and related products for e-powertrain, wheel-end, driveline, engine, suspension, and steering applications for EVs and commercial vehicles. The Company’s Automotive business is also one of the market leaders in developing components for automotive electrification and wheel-end solutions.
-In the fiscal year ended December 31, 2022, the Company’s sales in its Automotive business area comprised 28% of its net sales.
Competitors
-ABC
-Bruss
-C&U
-Dana
-ElringKlinger
-Freudenberg Group (including its partnerships with NOK)
-Harbin Bearing Manufacturing
-Iljin
-JTEKT
-Luoyang LYC Bearing
-NEI
-NRB
-NSK
-NTN
-Sabo
-Schaeffler Group
-Tata
-Tenneco
-Timken
-Wafangdian Bearing Group
-Wanxiang Qianchao
-Zhejiang Tianma
Shareholders
-The Company is listed on the Nasdaq Stockholm stock exchange.
Ten largest shareholders | (As of Feb. 28, 2023) |
Share capital (%) | |
Foundation Asset Management AB | 15.0 |
Cevian Capital | 7.9 |
AFA Insurance | 4.7 |
Harris Associates | 3.3 |
Life Insurance Skandia | 3.0 |
Vanguard | 2.3 |
BlackRock | 2.0 |
SEB-Sriftelsen | 1.8 |
Schroders | 1.7 |
Swedbank Robur Funds | 1.3 |
Products
Electric powertrain
-Electric traction motor
-Deep groove ball bearings
-Hybrid bearings
-Needle roller bearings
-Rotor positioning bearings
-eDrive ball bearings
-Driveline angular contact ball bearings
-Low friction tapered roller bearings
-Bearing retainers
-Tapered roller bearings
-Clutch release bearing units
-NUBS(Non Uniform Ball Spacing) cage for deep groove ball bearings
-Motor encoder sensor-bearing units
Wheel end
-Hub bearing units
-Low friction hub bearing unit
-High-performance hub bearing units
-Hub knuckle module
Suspension
-MacPherson suspension bearings
-Shock absorber seals
-Spring insulating suspension bearings
Transmission
-Low friction tapered roller bearings
-Deep groove ball bearings
-Driveline angular contact ball bearings
-Magnetic trigger wheels
-Ball pinion units
-Hybrid pinion units
-Transmission shaft seals
-Bonded piston
-Tapered roller bearings
-Sealed deep groove ball bearings for transmission
-Sealed deep groove ball bearings for drive shafts
-Cylindrical roller bearings
-Bearing retainers
-Transmission input shaft seals
-Needle roller bearings
-Axle seals
-Synchronizer cups
-Pinion seals for light vehicles
-Clutch release bearing units
-Double clutch bearing set
-Clutch support bearings
-Integrated input shaft seals
Engine
-Deep groove ball bearings
-Needle roller bearings
-Double row angular contact ball bearings
-PTFE shaft seals
-Drawn cup needle roller bearings
-Double row ball bearings
-Cylindrical roller bearings
-Magnetic trigger wheels
-Low friction engine seals
-Rocker arm bearings
-Cam follower units
-Valve stem seals
-Support roller
-Belt tensioner units
-Row idlers
-Sensor-bearing units
-Overrunning alternator pulley units
-Magnetic trigger wheel
-Low friction seals for eDrive
Steering
-Electric power steering bearings
-Steering column bearings
-Angular steering column bearings
-Low noise preloaded steering column bearing
-Low-friction Explorer deep groove ball bearing
-Double row angular contact ball bearings
-Thin section ball bearing
-Robust angular steering column bearing
-Preloaded steering column bearing
History
1907 | Founded in Gothenburg, Sweden. |
1911 | Established the first factory outside Sweden at Luton, the United Kingdom. |
1914 | Acquired 50% of a German bearing company. |
1916 | Acquired Hess-Bright Manufacturing of Philadelphia, the United States. |
Acquired steel works at Hofors, and the Katrineholm foundry. | |
1917 | Built its first factory in France at Bois-Colombes, Paris. |
1920 | Established its subsidiary, SKF Industries Inc. |
1936 | Its subsidiary, British SKF, went public. |
2010 | Acquired lubrication systems provider Lincoln Industrial Corporation from Harbour Group of USA. |
2011 | Acquired 100% ownership of International Component Supply. |
2012 | Acquired General Bearing Corporation (GBC). |
Dec. 2018 | Completed divestiture of its linear and actuation technology business to Triton for SEK 2.75 billion. |
2019 | Acquired Presenso Ltd., a company that develops and deploys artificial intelligence (AI)-based predictive maintenance software. |
Jan 2022 | Completed the acquisition of Laser Cladding Venture n.v. (LCV), an additive manufacturing company based in Belgium |
Supplemental Information 1
>>>Business Report FY ended Dec. 31, 2007
>>>Business Report FY ended Dec. 31, 2008
>>>Business Report FY ended Dec. 31, 2009
>>>Business Report FY ended Dec. 31, 2010
>>>Business Report FY ended Dec. 31, 2011
>>>Business Report FY ended Dec. 31, 2012
>>>Business Report FY ended Dec. 31, 2013
>>>Business Report FY ended Dec. 31, 2014
>>>Business Report FY ended Dec. 31, 2015
>>>Business Report FY ended Dec. 31, 2016
>>>Business Report FY ended Dec. 31, 2017
>>>Business Report FY ended Dec. 31, 2018
>>>Business Report FY ended Dec. 31, 2019
>>>Business Report FY ended Dec. 31, 2020
>>>Business Report FY ended Dec. 31, 2021
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss