• Memorandum of Understanding signed to facilitate possible future strategic collaborations and new business opportunities

ABB and SKF have entered into a Memorandum of Understanding (MoU) to explore the possibilities for a collaboration in the automation of manufacturing processes. The MoU was signed at ABB’s Robotics Experience Center in Västerås, Sweden, by ABB CEO Björn Rosengren and SKF CEO Rickard Gustafson.

Following the successful delivery of a number of projects in SKF’s global manufacturing network, including in Gothenburg, where a fleet of industrial robots from ABB are installed in the bearing manufacturer’s state-of-the-art factory, the two companies are now taking the next step in their collaboration.

Through the partnership, ABB and SKF will identify and evaluate solutions to improve manufacturing capabilities and support clients’ increased production efficiency. As a first step, SKF’s investments in automation and clean manufacturing processes will act as a testbed, focused on decreasing CO₂ emissions from SKF’s operations. Longer-term, the parties intend to explore new business opportunities in both traditional and new market segments, where both companies bring experiences within a wide range of industries.

“The demand for automation is increasing, driven by declining working age populations, rising labor costs, and industry’s efforts to create resource-efficient operations in the transition to more sustainable manufacturing. I am therefore pleased to announce this deepened partnership alongside SKF, further strengthening our technical leadership,” said Björn Rosengren, CEO of ABB.

“We are increasing the automation of our production facilities in all our regions, in order to stay ahead of our competition and improve our environmental performance. This also enables a more flexible and safer working environment. ABB is an important partner for us in this area and we, as two leading industrial companies, will continue to develop innovative solutions to further increase the competitiveness of our customers”, said Rickard Gustafson, President and CEO of SKF.

Recently, the two companies have signed contracts for delivery of specific projects in the field of advanced manufacturing automation, robotic random bin-picking or installations of innovative logistics automation solutions in more complex industrial workshops within SKF’s manufacturing footprint, thus making it possible to see how robots can enable quality assurance of detail management.

ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. www.abb.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