SKF AB engages in the manufacture of machine and rotating equipment. It operates through the Industrial Market and Automotive Market business segments. The Industrial Marget 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 Market 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.