When was SKF founded?

SKF was founded in 1907 and raised its 1st funding round 86 years after it was founded.

Where is SKF located?

SKF is headquartered in Gothenburg, Sweden. It is registered at Lansdale, Pennsylvania.

How many employees does SKF have?

As of Jun 30, 2026, the latest employee count at SKF is 20240.

Is SKF a funded company?

SKF is a funded company, having raised a total of $295K across 13 funding rounds to date. The company's 1st funding round was a $***** PE round, raised on 1993.

When was the latest funding round of SKF?

SKF's latest funding was a $***** Grant (prize money) round on Dec 18, 2023, with participation from 1 investor.

What is the annual revenue of SKF?

Annual revenue of SKF is more than $1B as on Dec 31, 2024

Where does SKF rank among its competitors?

SKF ranks 13th amongst 3269 active competitors, of which 40 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was ITT, which secured an undisclosed amount in Feb, 2026.

Who are the top competitors of SKF?

SKF's top competitors include Emerson, Siemens and Honeywell. Among them, ITT secured the most recent funding round in February, 2026.

SKF - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of bearings, seals, lubrication solutions, and condition-monitoring services for rotating machinery. The company designs and manufactures rolling bearings, bearing units, seals, mechatronics, lubrication systems, and related maintenance and monitoring products that improve reliability, reduce friction, and extend equipment life in industries worldwide.

Website: www.skf.com/us
Social
Phone Number: +1 **********
Registered Address: Lansdale, Pennsylvania

Key Metrics

Founded Year

1907

Location

Gothenburg, Sweden

Stage

Public

Total Funding

$295K in 13 rounds

Latest Funding Round

Grant (prize money), Dec 18, 2023, $*****

Investors

Impact Fund Denmark & 9 more

Ranked

13^th among 3269 active competitors

Annual Revenue

$1B+ as on Dec 31, 2024

Employee Count

20,240 as on Jun 30, 2026

Investment & Acquisitions

Anferra & 10 more

Similar Companies

Rexnord & 141 more

Exit Details

Public

View SKF's full profile

SKF is associated with 12 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SKF AB CIN: 556240-8301 , Belgium, Active	Dec 31, 1906	€1B+ (As on Dec 31, 2019)	-	-
Skf Usa Inc. CIN: 231043740 , United States, Active	Dec 26, 999	-	2323 (As on Dec 31, 2024)	-
SKF Latvija CIN: 50003707051 , Latvia, Active	Oct 25, 2004	€0 - €1M (As on Dec 31, 2024)	2 (As on Dec 31, 2023)	-
SKF LUBRICATION SYSTEMS GERMANY CIN: 0804.946.382 , Belgium, Active	Aug 01, 2023	-	-	-
Skf Economos India Private Limited CIN: U25209DL2004PTC129717 , India, Active	Oct 06, 2004	-	-
SKF POLSKA SPÓŁKA AKCYJNA CIN: 0000084052 , Poland, Active	Jan 25, 2002	-	-
SKF AB CIN: 5562408301 , United States, Active	Jul 03, 2018	-	43360 (As on Dec 31, 2019)	-
The limited company SKF CIN: 556007-3495 , Sweden, Active	Mar 11, 1907	$1B+ (As on Dec 31, 2024)	-	-
SKF INDIA LIMITED CIN: L29130PN1961PLC213113 , India, Active	Apr 12, 1961	₹1,000+ Cr (As on Mar 31, 2025)	1863 (As on Oct 01, 2024)
SKF CZ, a.s. CIN: 00006548 , Czech Republic, Active	Mar 06, 1931	-	-
Skf Engineering And Lubrication India Private Limited CIN: U29100KA1993PTC044269 , India, Active	Feb 11, 1993	₹1,000+ Cr (As on Mar 31, 2025)	715 (As on Aug 01, 2025)
SKF GROUP LIMITED CIN: 10005589 , United Kingdom, Active	Feb 14, 2016	£0 - £1M (As on Feb 29, 2024)	1 (As on Feb 28, 2025)

SKF got listed on Jun 15, 1963.

Click here to take a look at SKF's IPO in detail

SKF has raised a total funding of $295K over 13 rounds. Its first funding round was on 1993. Its latest funding round was a Grant (prize money) round on Dec 18, 2023 for $*****. 1 investor participated in its latest round. SKF has 10 institutional investors.

Here is the list of recent funding rounds of SKF:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 18, 2023	7580799	Grant (prize money)	6600003	1537916	2456706	6072144
Dec 01, 2023	6176893	Grant (prize money)	5782340	7480289	4993020	Europa
Aug 26, 2022	4882843	Post IPO	7853443	6021573	2685127	Cevian Capital

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View details of SKF's funding rounds and investors

The founders of SKF are Sven Wingqvist and Axel Carlander. Rickard Gustafson is the CEO of SKF.

Here are the details of SKF's key team members:

Sven Wingqvist: Former Co-Founder of SKF.
Axel Carlander: Former Co-Founder of SKF.
Rickard Gustafson: CEO of SKF.
Contact Info: 1 email address

View details of SKF's Founder profiles and Board Members

SKF's employee count trend

SKF has 20,240 employees as of Jun 26. Here is SKF's employee count trend over the years:

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Top competitors of SKF include Emerson, Siemens and Honeywell. Here is the list of Top 10 competitors of SKF, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Emerson 1890, St. Louis (United States), Acquired	Provider of integrated control and monitoring systems	-	Seaside Private Capital, Blackstone & 6 others	79/100
2nd	Siemens 1847, Munich (Germany), Public	Manufacturer of industrial automation software and hardware for infrastructure systems	-	Jindal ventures, Bluefish Capital & 8 others	77/100
3rd	Honeywell 1885, Charlotte (United States), Public	Manufacturer and supplier of diversified consumer electronics and industrial automation equipments	$1.13M	ngn-capital.com, Analah Ventures & 10 others	77/100
4th	Rockwell Automation 1903, Milwaukee (United States), Public	Provider of Industrial automation and information systems	-	IoT Evolution, OnRamp Insurance Conference	75/100
5th	Mitsubishielectric 1921, Chiyoda-ku (Japan), Public	Manufacturer of diverse electrical and electronic products, systems, and solutions	-	Gov.cz, Europa & 1 others	75/100
6th	CG Power & Industrial Solutions 1937, Mumbai (India), Acquired	Manufacturer of Industrial and Consumer Electric Equipment	-	Yes Bank, L & T Finance Holdings & 6 others	74/100
7th	Schneider Electric 1836, Rueil malmaison (France), Public	Provider of energy management and automation services	-	ngn-capital.com, Temasek & 9 others	73/100
8th	Danfoss 1933, Nordborg (Denmark), Series C	Manufacturer of solutions increasing machine productivity, reducing emissions, and lowering energy	$41.2M	Emerald Technology Ventures, LahiTapiola & 7 others	72/100
9th	ABB 1883, Zurich (Switzerland), Public	Provider of electrification, automation, robotics, and power conversion technology	-	ngn-capital.com, GIC & 13 others	71/100
10th	ITT 1920, White Plains (United States), Public	Manufacturer of engineered components for industries	-	RWA Wealth Partners, AssetMark & 3 others	68/100
13th	SKF 1907, Gothenburg (Sweden), Public	Provider of bearings, seals, lubrication solutions, and condition-monitoring services for rotating machinery	$295K	Cevian, FAM & 8 others	65/100