SKF to separate automotive business, listing planned for 2026

SKF, the global leader in bearings and rotating equipment performance, has announced its plan to separate its Automotive business, with an expected listing on Nasdaq Stockholm by 2026. This strategic decision, driven by different business dynamics in SKF’s Industrial and Automotive segments, will allow each unit to focus on its unique growth opportunities and customer needs. The Board of Directors believes this move will enhance customer value, accelerate growth, and improve overall competitiveness.

By splitting the group into two standalone companies, SKF’s Automotive business will gain flexibility to respond more effectively to the rapidly changing automotive market. The Automotive segment generated SEK30 billion (USD2.9 billion) in sales in 2023, while the Industrial segment brought in SEK73 billion (USD7.2 billion).

The separation is part of SKF’s broader strategy to enhance profitability and focus resources on core markets. Once approved, SKF shareholders will receive proportionate shares in the newly listed Automotive company. The process is anticipated to be completed by the first half of 2026, and further details will be released as the separation progresses.