SKF secures EUR 430 million financing for R&D of sustainable technologies

SKF has secured EUR 430 million financing from the European Investment Bank (EIB) with a tenor of up to ten years. The financing will support SKF’s research and development (R&D) to increase the focus on high-growth segments and accelerate the design and development of enabling technologies particularly for the green transition and sustainability.

Setterwalls has represented SKF in connection with negotiating the facility agreements with the EIB. Setterwalls’ team consisted of Jesper Kuschel and Anton Lindh.

SKF is a world-leading provider of innovative solutions that help industries become more competitive and sustainable. Founded in 1907, SKF is represented in approximately 129 countries and has around 17,000 distributor locations worldwide. Annual sales in 2023 were SEK 103,881 million and the number of employees was 40,396.