SKF AB

SKF AB

SKF AB

Overview
Date Founded

1907

Headquarters

Hornsgatan 1,Gothenburg, Vastra Gotaland 415 50

Type of Company

Public

Employees (Worldwide)

41K

Industries

Industrial Machinery & Manufacturing
Tools & Hardware
Plastics & Synthetics
Metal Manufacturing & Products

Company Description

SKF AB engages in the manufacture of machine and rotating equipment. It operates through the Industrial and Automotive segments. The Industrial segment comprises of Industrial Sales Americas, Industrial Sales Europe and Middle East and Africa, Industrial Sales Asia, Industrial Units, Bearing Operations, and Aerospace. The Automotive segment provides a range of products, solutions, and services to manufacturers of cars, light trucks, heavy trucks, trailers, buses, two-wheelers, and the vehicle aftermarket. The company was founded by Sven Wingquist on February 16, 1907 and is headquartered in Gothenburg, Sweden.

Contact Data
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Executives & Employees

President, Chief Executive Officer & Director

Chief Financial Officer & Senior Vice President

Senior Vice President & General Counsel

President, Industrial Sales Europe & Middle East & Africa

President, Industrial Sales Americas

President, Industrial Sales Asia

President, Industrial Technologies

President-Bearing Operations

Director

Director

Board of Directors

Director at Investor AB

Director at SKF AB

Director at SKF AB

Director at Stora Enso Oyj

Executive Vice President at Konecranes, Inc.

President-Vacuum Technique Business Area at Atlas Copco AB

Chief Executive Officer at FAM AB

Deputy Director at SKF AB

Deputy Director at SKF AB

Director at SKF AB

Paths to SKF AB
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Owners & Shareholders
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Harris uses a value investment philosophy in selecting equity and equity-like securities of US and non-US issuers. The firm's investment philosophy spans across large, mid and small-cap companies. In addition, Harris may hedge a client’s exposure to direct or indirect foreign currencies. In constructing portfolios for their clients, the firm seeks out companies that they believe are trading in the market at significant discounts to their underlying value. Harris uses a bottom-up approach focused on individual companies, rather than focusing on specific economic factors or industries. They generate their research ideas from a variety of internal and external sources. The firm’s research process seeks to identify companies selling at a discount to its estimate of intrinsic value.

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Oddo BHF AM is an active, long-term manager that offers a unique range of effective investment solutions on all main asset classes: European equities, corporate bonds (investment grade and high yield), convertible bonds and asset allocation solutions. The firm invests globally in a variety of asset classes including equity, fixed-income, convertible bonds, money market instruments, alternative assets and private equity. They have special expertise in mid-caps, theme investing, and quantitative equity management and manage a range of strategies including money market, hedge, balanced, active asset allocation, structured products and multimanager. Oddo BHF AM follows a bottom-up approach based on in-house fundamental research to select stocks and exploit market inefficiencies. Their equity and fixed-income teams operate in close relationship, using a combination of quantitative and fundamental analysis.

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AP2’s strategic management model is based on financial theory and incorporates a long-term forecast that covers demographic, socio-economic and capital-market developments. They adopt an active approach to ethical and environmental issues, with a view to promoting sustainable investment. The firm’s strategic portfolio is developed with the aid of an in-house Asset Liability Model, designed to incorporate anticipated trends within the pension system based on a 30 to 40-year investment horizon. The model is used as an aid to create a strategic portfolio that defines the relative allocation of asset classes and FX strategy.

Recent Transactions
Details Hidden

Momentum Group AB, Rörick Elektriska Verkstad AB purchase SKF AB /Spindle Service Operations from SKF AB

Details Hidden

SKF AB purchases Form Automation Solutions, Inc.

Details Hidden

SKF AB purchases Presenso Ltd. from AfterDox Ltd., EDP Ventures, SGPS, SA, Janvest Technologies LLC, Seedil Ventures

Transaction Advisors
Accountant

Advised onNN, Inc. purchases Skf AB /Component Manufacturing Operations from SKF AB

Legal Advisor

Advised onSKF AB purchases Kaydon Corp.

Legal Advisor

Advised onSKF AB purchases Kaydon Corp.

Legal Advisor

Advised onSKF AB purchases Kaydon Corp.

Legal Advisor

Advised onSKF AB purchases Kaydon Corp.

Investment Advisor

Advised onMadison Capital Partners Corp., Filtration Group Corp. purchase Kaydon Corp. /Subsidiaries (2) from SKF AB

Advisors & Consultants
Advisor

Executive Director at SKF India Ltd.

Advisor

Former President, Automotive & Aerospace at SKF AB

Legal Advisor

Partner at Reed Smith LLP

Clients

General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, Cruise and GM Financial. The company sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. General Motors was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

Sandvik AB engages in the development, manufacture, and sale of tools, equipment, and tooling systems for the mining and construction industries. It operates through the following segments: Sandvik Machining Solutions, Sandvik Mining and Rock Technology, Sandvik Materials Technology, and Other Operations. The Sandvik Machining Solutions segment manufactures and sells tools and tooling systems for industrial metal cutting. The Sandvik Mining and Rock Technology segment supplies equipment and tools, service, and technical solutions for the mining and construction industries. The Sandvik Materials Technology segment produces stainless steels and special alloys such as tube, pipe, wire, strip, and metal powder. The Other Operations segment distributes drilling solutions focusing on drill bits and downhole products for construction and completion. The company was founded by Göran Fredrik Göransson in 1862 and is headquartered in Stockholm, Sweden.

Severstal PAO engages in the manufacture of steel and rolled products. It operates through the following segments: Severstal Resources and Severstal Russian Steel. The Severstal Resources segment comprises two iron ore complexes, Karelsky Okatysh and Olkon in nothwest Russia, and two coal mining complexes, Vorkutaugol in northwest Russia and PBS Coals Limited located in the USA. The Severstal Russian Steel segment consists primarily of the steel production and a high-grade automotive galvanizing facilities, rolling mill, metalware plants located in Russia, Ukraine and Italy, also a ferrous scrap metal recycling business, as well as various worldwide supporting functions for trading, maintenance, and transportation. The company was founded on August 24, 1955 and is headquartered in Cherepovets, Russia.

Key Stats and Financials As of 2020
Market Capitalization
$11.2B
Total Enterprise Value
$11B
Earnings Per Share
$1.01
Revenue
$8B
Three Year Compounded Annual Growth Rate Of Revenue
-1.34%
Debt TEV
0.18x
TEVNet Income
23.92x
Enterprise Value EBITDAOperating
8.7x
Enterprise Value / Sales
1.37x
EBITDAMargin
15.79%
Net Profit
$459M
EBITDA
$1.26B
Total Debt
$1.96B
Total Equity
$3.81B
Suppliers
Nolato AB Industrial Machinery & Manufacturing | Torekov, Sweden

Nolato AB engages in the development and manufacture of polymer product systems for customers in medical technology, telecommunications, hygiene, automotive products and other selected industrial sectors. It operates through the following segments: Medical Solutions, Integrated Solutions and Industrial Solutions. The Medical Solutions segment develops and manufactures complex product systems and components within medical technology, as well as advanced packaging solutions for pharmaceuticals and dietary supplements. The Integrated Solutions segment caters to two sectors, namely consumer electronics, and electromagnetic compatibility and thermal. The Industrial Solutions segment focuses on components and product systems for customers in the automotive industry, hygiene, packaging, gardening and forestry, domestic appliances and other selected industrial segments. The company was founded in 1938 and is headquartered in Torekov, Sweden.

SinterCast AB Appliances & Electronics | Katrineholm, Sweden

SinterCast AB engages in the supply of process control technology and solutions for compacted graphite iron. Its primary application is in diesel and petrol engine cylinder blocks used in passenger vehicles, and cylinder blocks and heads used in commercial vehicle, and industrial power applications. The company was founded in 1983 and is headquartered in Katrineholm, Sweden.

Avega Group AB Other Business & Consulting Services | Stockholm, Sweden

Avega Group AB engages in the provision of business development and information technology consulting services. It also offers services in the areas of transformation, custom solutions and standard platforms. The company was founded by Lars-Erik Eriksson and Jan Rosenholm in December 2000 and is headquartered in Stockholm, Sweden.

Competitors
The Timken Co. Industrial Machinery & Manufacturing - North Canton, OH

the Timken Co As a global industrial technology leader, we apply our deep knowledge of metallurgy, friction management and power transmission to improve the reliability and efficiency of machinery all around the world. We engineer, manufacture and market mechanical components and high-performance steel. Our bearings, engineered-steel bars and tubes -- as well as transmissions, gearboxes, chain and related products and services -- support diversified markets worldwide.

Wafangdian Bearing Co., Ltd. Industrial Machinery & Manufacturing - Wafangdian, China

Wafangdian Bearing Co., Ltd. engages in the manufacture and sale of bearings, machinery and equipment, automobile spare parts, and related products. Its business includes bearing repair, maintenance, and technical service; machinery and equipment and housing leasing; and testing of bearings and related machinery and equipment and measurement equipment and instrumentation. It is used in railway and metallurgy industries. The company was founded on March 20, 1997 and is headquartered in Wafangdian, China.

Schaeffler AG Auto Parts & Tires - Herzogenaurach, Germany

Schaeffler AG operates as a holding company. The firm engages in the supply of products and solutions for the automotive and industrial sectors. It operates through the following segments: Automotive OEM, Automotive Aftermarket and Industrial segments. The Automotive OEM segment organizes its business in the Engine Systems, Transmission Systems, E-Mobility, and Chassis Systems business divisions. The Automotive Aftermarket and Industrial segment both focuses on Europe, Americas, Greater China, and Asia/Pacific. The company was founded by Georg Schaeffler and Wilhelm Schaeffler in 1946 and is headquartered in Herzogenaurach, Germany.

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