SKF acquires industrial AI company

SKF has signed an agreement to acquire Presenso Ltd, a company that develops and deploys AI (artificial intelligence)-based predictive maintenance software.

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Presenso’s AI capability enables production plants to find and act on anomalies that were previously difficult to detect, automatically, without needing to employ data scientists. Presenso’s competence will be used to strengthen SKF’s Rotating Equipment Performance offering.

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