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SKF Leading Global Supplier within Asset Reliability Software and Services According to ARC Advisory Group

Original Press Release

SKF Leading Global Supplier within Asset Reliability Software and Services According to ARC Advisory Group

Press release date: October 18, 2011

SKF today announced that within the recently released "Asset Reliability Software & Services Worldwide Outlook*," ARC Advisory Group named SKF the leading global supplier for this growing market for the base year 2010. "SKF has made significant investment over the past years building up our capabilities in Asset Management Services that help our clients to optimize their maintenance practices and reduce costs," says Vartan Vartanian, President SKF Service Division. "We are able to consistently deliver these services through common global processes and are happy to be recognized by ARC for our activity in this area." The study identified the following factors of SKF's success: o A complete range of strategic and tactical asset management services
o Proactive acquisition of companies with complementary solutions
o A combination of consulting, technology, maintenance programs and plant asset management services
o Global reach critical to local service delivery "SKF has been able to leverage brand recognition, expertise in rotating equipment and global reach to be the leading provider [of reliability-related services] in nearly every industry," says Paula, Hollywood, Sr. Analyst for the ARC Advisory Group, "As such, SKF held the leading position in seven of the 11 industries examined in the study: food and beverage, mining and metals, oil and gas, pharmaceutical and biotech, pulp and paper, refining, and water and wastewater industries." SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has 15,000 distributor locations worldwide. Annual sales in 2010 were SEK 61,029 million and the number of employees was 44,742. * Founded in 1986, ARC Advisory Group has grown to become the Thought Leader in Manufacturing and Supply Chain Solutions. For even your most complex business issues, ARC Advisory Group's analysts have the expert industry knowledge and firsthand experience to help you find the best answer. ARC Advisory Group focuses on simple, yet critical goals: improving your return on assets, operational performance, total cost of ownership, project time-to-benefit, and shareholder value.


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