AB SKF

Company Profile

■URL

http://www.skf.com

■Address

Sven Wingquist gata 2, , Göteborg , SE-415 50, Sweden

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 primarily serves the industrial and automotive markets.

-The Company is among the market leaders in wheel-end solutions such as wheel bearing units and wheel-end seals. The Company is also one of the market leaders in developing components for automotive electrification.

-As of December 31, 2020, the Company operates through two business areas: Industrial and Automotive. The Company’s sales in its Automotive business area in the fiscal year ended December 31, 2020 comprised 27% of its net sales.
 

Competitors

-ABC
-Bruss
-C&U
-Dana
-ElringKlinger
-Federal-Mogul
-Freudenberg Group (including its partnerships with NOK)
-Harbin
-Iljin
-JTEKT
-Luoyang
-NEI
-NRB
-NSK
-NTN
-Sabo
-Schaeffler Group
-Tata
-Timken
-Wafangdian
-Wanxiang Qianchao
-Zhejiang Tianma

Shareholders

-The Company is listed on the Nasdaq Stockholm stock exchange.

Ten largest shareholders (As of Dec. 31, 2020)
Share capital (%) Voting rights (%)
Foundation Asset Management AB 13.8 29.5
AFA Insurance 0.8 4.2
Harris Associates L.P. 5.0 3.0
Life Insurance Skandia 1.0 2.7
Swedbank Robur Funds 3.9 2.4
BlackRock 2.9 1.8
SEB-Stiftelsen 0.4 1.7
Vanguard 2.4 1.6
JP Morgan Asset Management 2.2 1.4
Handelsbanken Fonder 2.6 1.6



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
-Rotor positioning bearings
-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
-Turbocharger ball bearing units

Steering
-Electric power steering bearings
-Steering column bearings
-Angular steering column bearings
-Low noise preloaded steering column bearing
-Steering rack bearings
-Low-friction Explorer deep groove ball bearing
-Four point contact ball bearing
-Double row angular contact ball bearings
-Thin section ball 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.

Supplemental Information 1