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United Kingdom

AB SKF (SKFa.ST)

SKFa.ST on Stockholm Stock Exchange

153.40SEK
15 Oct 2018
Change (% chg)

-2.20kr (-1.41%)
Prev Close
155.60kr
Open
155.20kr
Day's High
155.20kr
Day's Low
153.00kr
Volume
4,251
Avg. Vol
14,997
52-wk High
201.50kr
52-wk Low
153.00kr

Latest Key Developments (Source: Significant Developments)

SKF divests linear and actuation technology business
Tuesday, 31 Jul 2018 

July 31 (Reuters) - AB SKF ::SKF DIVESTS LINEAR AND ACTUATION TECHNOLOGY BUSINESS.SAYS TOTAL CONSIDERATION OF DEAL IS SEK 2.75 BILLION, ON A CASH- AND DEBT FREE BASIS AND IT IS EXPECTED TO CLOSE DURING END OF 2018.SAYS SIGNED AN AGREEMENT TO DIVEST ITS LINEAR AND ACTUATION TECHNOLOGY BUSINESS TO TRITON.  Full Article

Hexatronic And SKF Sign Development Partnership
Wednesday, 20 Jun 2018 

June 20 (Reuters) - HEXATRONIC GROUP AB ::REG-SKF AND HEXATRONIC SIGN DEVELOPMENT PARTNERSHIP FOR INDUSTRIALIZATION OF FIBER OPTIC SENSING SYSTEMS.SKF AND HEXATRONIC SIGN DEVELOPMENT PARTNERSHIP FOR INDUSTRIALIZATION OF FIBER OPTIC SENSING SYSTEMS.  Full Article

SKF says co and PSA settle legal dispute
Friday, 27 Apr 2018 

April 27 (Reuters) - Skf ::Skf AND PSA SETTLE LEGAL DISPUTE.SKF AND PEUGEOT S.A., AND SEVERAL GROUP COMPANIES, (PSA) HAVE SETTLED THEIR DISPUTE BEFORE COMPETITION APPEAL TRIBUNAL IN UNITED KINGDOM.SETTLEMENT WILL HAVE AN INSIGNIFICANT IMPACT ON FINANCIAL POSITION OF GROUP.SETTLED DISPUTE REGARDING DAMAGE CLAIMS RESULTING FROM SKF'S SETTLEMENT WITH EUROPEAN COMMISSION FOR VIOLATION OF EUROPEAN COMPETITION RULES.  Full Article

SKF proposes Hans Straberg as new board chairman
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - SKF AB ::HANS STRÅBERG PROPOSED AS NEW CHAIRMAN OF THE BOARD OF AB SKF. .COLLEEN REPPLIER PROPOSED AS NEW BOARD MEMBER.SKF’S CURRENT CHAIRMAN OF THE BOARD LEIF OSTLING HAS ANNOUNCED THAT HE WILL NOT MAKE HIMSELF AVAILABLE FOR RE-ELECTION AT THE ANNUAL GENERAL MEETING 2018.  Full Article

SKF consolidates industrial seals manufacturing footprint in North America
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Ab Skf :Skf consolidates industrial seals manufacturing footprint in north america.‍as part of process, skf intends to close its manufacturing site in seneca, kansas​.‍production will be transferred to other sites in north america, development and manufacturing facility in salt lake city, where investments are being made in increasing technical capabilities and capacity​.‍consolidation process supports skf's long-term ambition of integrating regional manufacturing, engineering and technology efforts​.‍transfer from seneca will take place over next 18 months and will impact approximately 170 staff​.  Full Article

SKF says BMW initiates lawsuit
Friday, 4 Nov 2016 

Ab Skf : SKF informed of initiation of lawsuit pertaining to settlement with the European Commission . SKF says has been informed of initiation of a lawsuit, with a claim for damages, by BMW and several group companies against bearing manufacturers, including SKF . SKF says amount of damages, if any, should SKF be found liable, is at this stage not possible to determine . Simliar lawsuit filed by Peugeot in March [nFWN16H04E] Further company coverage: [SKFb.ST] (Reporting By Johan Ahlander) ((johan.ahlander@thomsonreuters.com;)).  Full Article

Germany's Schaeffler sticks to sales target despite weaker car industry demand

FRANKFURT Schaeffler AG revised down its forecast for automotive revenues due to weaker demand in Greater China and Europe, but kept its guidance for overall sales this year thanks to stronger orders at its industrial division.