SKF AB engages in the manufacturing of machine and rotating equipment. It operates through the following segments: Industrial Market, Automotive Market, and Specialty Business. The Industrial Market segment's key customers are in the following industries: heavy industry, such as metals, mining, cement, pulp, and paper; general industry, in which automation, machine tools, and industrial drives falls under railway, marine, energy, such as wind that covers oil and gas and off-highway, such as construction and agriculture. 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 Specialty Business segment consists of five stand-alone businesses with different customer-specific applications solutions. The company was founded by Sven Wingquist in 1907 and is headquartered in Gothenburg, Sweden.