SKF's acquisition of US based bearing company now closed

SKF's acquisition of US based bearing company now closed

SKF's acquisition of PEER Bearing Company (PEER) and its manufacturing
operations in China and Thailand has now been closed. 

PEER's sales 2007 amounted to almost USD 100 million and the number of employees
is about 1400. 

PEER is selling primarily to the North American market and to certain segments,
not currently served by SKF. 

PEER will be a wholly owned subsidiary of SKF Group and continue to operate
independently on the market under its existing brand PEER. The business will be
reported separately and included in the Group's reporting during the fourth
quarter.

The acquired manufacturing plants are located in Xinchang and Changshan, China
and in Rayong, Thailand. PEER's main Sales operation is in Illinois, USA.  

Göteborg, 16 September 2008

Aktiebolaget SKF
(publ.)




AB SKF may be required to disclose the information provided herein according to
the Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 08.30 am CEST on 16 September 2008.






For further information, please contact:
PRESS: Ingalill Östman, SKF Group Communication, tel: +46 31-337 3260, mobile: 
+46 706-973260, e-mail: ingalill.ostman@skf.com
IR: Marita Björk, SKF Investor Relations, tel: +46 31-337 1994, mobile: +46
705-181994,          
e-mail: marita.bjork@skf.com
SKF is a leading global supplier in the areas of bearings, seals, mechatronics,
services and lubrication systems. The Group's service offer includes technical
support, maintenance services, engineering consultancy and training. SKF is
represented in more than 130 countries and has 15,000 distributor locations
worldwide. The Group's annual sales 2007 were SEK 58,559 million. The number of
employees was 4