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Corporation
INDUSTRIALS | Manufacturing / Industrial Machinery & Equipment Distribution
skf.com

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Investments

1

Portfolio Exits

3

Partners & Customers

10

About SKF Group

SKF is a global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training.

SKF Group Headquarter Location

Hornsgatan 1

Gothenburg, 415 50,

Sweden

+49 (0) 97 21 56-0

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SKF Group Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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SKF Group Rank

Latest SKF Group News

10:30 EDT SKF Recognized by General Motors as Overdrive Award Winner and a 2021 Supplier of the Year

Apr 20, 2022

News provided by Share this article Share this article LANSDALE, Pa., April 20, 2022 /PRNewswire/ -- SKF , a leading global manufacturer of bearings, seals, and lubrication, has been named an Overdrive Award winner as part of GM's 30th annual Supplier of the Year awards. First presented in 2012, the Overdrive Award is a distinction reserved for suppliers who display outstanding achievement across the Global Purchasing and Supply Chain organization's key priorities. These include sustainability, innovation, relationships, total enterprise cost, launch excellence, and safety. "We're grateful to be recognized for our tenth GM Supplier of the Year award and the third year in a row in the Brake Foundations category. This year SKF was also recognized with the prestigious Overdrive award for sustainability, emphasizing the joint vision SKF and GM have to drive climate goals throughout the full value chain . We value our continued partnership with them as a customer. For over 70 years, our world-class bearing and seal technologies have been a critical component for many GM vehicle programs, and more recently, we are proud to be supplying GM with bearings for the next generation of all electric vehicles." said Greg Zimmerman, President, SKF Automotive Americas. SKF was also named a GM Supplier of the Year by General Motors for 2021. This is the tenth time that SKF has received this award and the third time in a row for wheel bearings. The company celebrated honorees at an awards ceremony in Phoenix, Arizona, in March of 2022. GM's Supplier of the Year award recognizes global suppliers that distinguish themselves by exceeding GM's requirements, providing GM customers with innovative technologies and among the highest quality in the automotive industry. This year, GM recognized 134 suppliers from 16 countries with the Supplier of the Year distinction. "This year's Supplier of the Year event was special not only because it's the 30th anniversary of the program but because it provided us with the opportunity to recognize our suppliers for persevering through one of the most challenging years the industry has ever faced," said Shilpan Amin, GM vice president, Global Purchasing and Supply Chain. "These top suppliers showed resilience and reinforced their commitment to pursuing sustainability and innovation. Through our strong relationships and collaboration, GM and our suppliers are poised to build a brighter future for generations to come." A global cross functional team selected the 2021 Supplier of the Year and Overdrive Award winners based on performance criteria in Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care and Aftersales and Logistics. About SKF USA SKF USA Inc.  is the U.S. subsidiary of SKF Group, a world leader in rolling bearings and related technologies including bearings, seals, lubricants, and condition monitoring systems. Media Contact: General Motors (NYSE: GM ) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the  Chevrolet,   Buick,   GMC,   Cadillac ,  Baojun and  Wuling  brands. More information on the company and its subsidiaries, including  OnStar , a global leader in vehicle safety and security services, can be found at  https://www.gm.com . SKF's mission is to be the undisputed leader in the bearing business. We do this by offering solutions that reduce friction and CO2 emissions, whilst at the same time increasing machine uptime and performance. Our products and services around the rotating shaft, include bearings, seals, lubrication management, artificial intelligence, and wireless condition monitoring. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2021 were SEK 81 732 million and the number of employees was 42,602. www.skf.com   ® SKF is a registered trademark of the SKF Group. SOURCE SKF USA

SKF Group Investments

1 Investments

SKF Group has made 1 investments. Their latest investment was in Canfield Technologies as part of their Other Investors on .

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SKF Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

Other Investors

Canfield Technologies

Yes

Date

Round

Other Investors

Company

Canfield Technologies

Amount

New?

Yes

Co-Investors

Sources

SKF Group Portfolio Exits

3 Portfolio Exits

SKF Group has 3 portfolio exits. Their latest portfolio exit was SKF Group - Spindle Service Operations on September 24, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/24/2020

Divestiture

1

8/27/2018

Divestiture

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10

7/31/2018

Divestiture

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$99M

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10

Date

9/24/2020

8/27/2018

7/31/2018

Exit

Divestiture

Divestiture

Divestiture

Companies

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Valuation

$99M

Acquirer

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Sources

1

10

10

SKF Group Acquisitions

8 Acquisitions

SKF Group acquired 8 companies. Their latest acquisition was Efolex on September 02, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/2/2021

$99M

Acquired

1

8/31/2021

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$99M

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10

11/11/2019

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$99M

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10

10/7/2019

Series A

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$99M

$99M

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10

6/20/2019

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$99M

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10

Date

9/2/2021

8/31/2021

11/11/2019

10/7/2019

6/20/2019

Investment Stage

Series A

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

1

10

10

10

10

SKF Group Partners & Customers

10 Partners and customers

SKF Group has 10 strategic partners and customers. SKF Group recently partnered with Amazon Web Services on April 4, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

4/26/2022

Partner

United States

SKF and Amazon Web Services collaborate to reinvent machine reliability industrial solutions

GOTHENBURG , Sweden , April 26 , 2022 / PRNewswire / -- SKF and Amazon Web Services , Inc. , an Amazon.com , Inc. company have announced a collaboration to reinvent the field of industrial machine reliability and predictive maintenance with a joint solution .

1

12/2/2021

Partner

United States

Drōv Technologies and SKF Vehicle Aftermarket Form Partnership for Integrated Trailer Monitoring.

Drōv Technologies , a leader in the smart truck and trailer movement , partners with SKF TraX Vehicle Aftermarket .

1

11/18/2021

Partner

China

Shanghai Electric Inks Strategic Cooperation Agreement With SKF At CIIE 2021

The partnership will allow the two companies to benefit from Shanghai Electric Group 's rich experience in infrastructure construction as well as Svenska Kullagerfabriken AB 's comprehensive global supply chain and innovation capacity to boost their R&D capacity , leveraging the combined strength of both companies to enhance their competitive advantages and boost business value .

3

11/18/2021

Partner

China

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10

11/11/2020

Partner

United Kingdom

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10

Date

4/26/2022

12/2/2021

11/18/2021

11/18/2021

11/11/2020

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

United States

United States

China

China

United Kingdom

News Snippet

SKF and Amazon Web Services collaborate to reinvent machine reliability industrial solutions

GOTHENBURG , Sweden , April 26 , 2022 / PRNewswire / -- SKF and Amazon Web Services , Inc. , an Amazon.com , Inc. company have announced a collaboration to reinvent the field of industrial machine reliability and predictive maintenance with a joint solution .

Drōv Technologies and SKF Vehicle Aftermarket Form Partnership for Integrated Trailer Monitoring.

Drōv Technologies , a leader in the smart truck and trailer movement , partners with SKF TraX Vehicle Aftermarket .

Shanghai Electric Inks Strategic Cooperation Agreement With SKF At CIIE 2021

The partnership will allow the two companies to benefit from Shanghai Electric Group 's rich experience in infrastructure construction as well as Svenska Kullagerfabriken AB 's comprehensive global supply chain and innovation capacity to boost their R&D capacity , leveraging the combined strength of both companies to enhance their competitive advantages and boost business value .

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Sources

1

1

3

10

10

SKF Group Team

15 Team Members

SKF Group has 15 team members, including current Chief Executive Officer, President, Tom Johnstone.

Name

Work History

Title

Status

Tom Johnstone

Chief Executive Officer, President

Current

Henrik Lange

Chief Financial Officer

Current

John Bohenick

President

Former

Dan Bradley

President

Former

Tim Carpenter

President

Former

Name

Tom Johnstone

Henrik Lange

John Bohenick

Dan Bradley

Tim Carpenter

Work History

Title

Chief Executive Officer, President

Chief Financial Officer

President

President

President

Status

Current

Current

Former

Former

Former

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