June 06, 2020

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SKF completes acquisition of industrial AI company
article image
Photo courtesy of Presenso

SKF, based in Gothenburg, Sweden, announced the completion of the acquisition of Presenso Ltd., a company that develops and deploys artificial intelligence (AI)-based predictive maintenance software. Presenso is based in Haifa, Israel.

Presenso’s AI capability enables production plants to find and act on anomalies that were previously difficult to detect, automatically and without the need to employ data scientists.

Presenso’s competence will be used to strengthen SKF’s Rotating Equipment Performance offer.

SKF originally announced the agreement to acquire Presenso Ltd. on 7 October 2019. The SKF Group is a leading global supplier of products, solutions, and services within bearings, seals, mechatronics, lubrication systems, and services, which include technical support, maintenance and reliability services, engineering consulting and training.

“SKF is all about reliable rotation, technology leadership and solving real-world challenges. Today, we are welcoming a team of world-class AI developers, with a production-ready analytics solution into SKF. Together we will change the way industry looks at reliability and make AI an integrated part of production,” said Victoria Van Camp, CTO and president of SKF’s Innovation and Business Development.

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