BRIEF-SKF Acquires Industrial AI Company

  • Reuters
  • Stock Market News
BRIEF-SKF Acquires Industrial AI Company
Credit: © Reuters.

Oct 7 (Reuters) - Skf SKFb.ST :

* ACQUIRES INDUSTRIAL AI COMPANY

* ACQUIRES INDUSTRIAL AI COMPANY

* ACQUISITION IS SUBJECT TO CERTAIN REGULATORY APPROVALS AND IS EXPECTED TO BE COMPLETED DURING Q4 2019

* SKF HAS SIGNED AN AGREEMENT TO ACQUIRE PRESENSO LTD., A COMPANY THAT DEVELOPS AND DEPLOYS ARTIFICIAL INTELLIGENCE (AI)-BASED PREDICTIVE MAINTENANCE SOFTWARE

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