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 ...

GOTHENBURG, Sweden, Oct. 31, 2019 /PRNewswire/ -- SKF has acquired Presenso Ltd., a company that develops and deploys artificial intelligence (AI)-based software for improving machine performance.

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 ...

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, ...

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 ...

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 ...

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 ...

Shares of SKF India might be showing up to a 52 per cent in some trading apps today as the automobile solutions traded ex-demerger today. The Indian arm of the Swedish conglomerate has spun-off its ...

The shares of SKF India (Industrial) were listed at Rs 2,630 apiece on NSE, marking a discount of nearly 3 percent from its discovered price. This comes after the demerger of the company from its ...

SKF India shares seemed to have dropped more than 54 percent in one single day on October 15, as the stock adjusted to the demerger of its automotive business from its industrial segment. The stock in ...