SKF completed the acquisition of Israel-based Presenso.

SKF, a global supplier of bearings, seals, mechatronics and lubrication systems, completed the acquisition of Israel-based Presenso, a company that develops and deploys artificial intelligence-based predictive maintenance software. Financial terms were not disclosed. “SKF is all about reliable rotation, technology leadership and solving real world challenges. Today, we are welcoming a team of world-class AI developers, with a production-ready analytics solution into SKF. Together we will change the way industry looks at reliability and make AI an integrated part of production.” Victoria Van Camp, SKF CTO, and President, Innovation and Business Development.