SKF AB Series A

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products. It provides application engineering services consisting of technical consultancy, numerical simulation and design, and root cause analysis; asset management services, such as assessment and benchmarking, maintenance strategy review, spare parts and inventory management, and lubrication management; condition-based maintenance, including vibration analysis and diagnostics, thermography, lubrication analysis, and condition monitoring system installation; mechanical maintenance comprising mounting and dismounting, precision alignment, and balancing; remanufacturing and customization; and training solutions, which include instructor-led training, e-learning courses, and webinar recordings. It serves the aerospace, agriculture, automotive, construction, food and beverage, general machinery, machine tools, marine, material handling, metals, mining, mineral processing, ocean energy, pulp and paper, railways, and wind industries. The company was incorporated in 1907 and is headquartered in Gothenburg, Sweden.

Defense & Geopolitical Fragmentation▼impact 4

European Shares Inch Lower Amid Tech Selloff and Inflation Worries

European stocks traded lower on Friday as AI-driven jitters continued to weigh and the Persian Gulf conflict dragged on. The pan-European STOXX 600 fell 0.7 percent to 639.27, with the German DAX dipping 0.8 percent and France's CAC 40 shedding 0.9 percent, while the U.K.'s FTSE 100 was marginally higher, led by energy stocks such as BP Plc and Shell. Tech stocks suffered heavy losses, with Infineon Technologies falling 6 percent and ASML Holding declining 4.7 percent. Oil prices headed for a 10 percent weekly gain amid escalating Middle East tensions, as Tehran launched strikes against several countries across the Gulf and wider region after the U.S. launched a wave of strikes against Iran for the sixth night in a row over control of the Strait of Hormuz. Among individual movers, Swedish builder Skanska fell 2.3 percent after reporting second-quarter revenue in line with expectations, while industrial bearings maker SKF slumped 5.5 percent after second-quarter sales came in flat, and Saab surged 4.8 percent after reporting a sharp rise in second-quarter earnings.

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Defense & Geopolitical Fragmentation ▲

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Robotics & Physical AI▲

SKF Forms Joint Venture With Leaderdrive for Humanoid Robot Joints

SKF has agreed with Leader Harmonious Drive Systems to establish a joint venture in China focused on high-precision transmission components for humanoid robot joints. SKF will hold a 60% stake in the venture, which is expected to become operational by the end of 2026. The partnership will combine Leaderdrive's automation and humanoid robotics expertise with SKF's bearing technology and global supply chain. The venture will initially serve the Chinese market and later target selected international markets including Europe, Japan, and the U.S. through SKF's sales network. Financial terms were not disclosed.

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Robotics & Physical AI ▲

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