Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

SKF said on Tuesday that it had finalized the acquisition of Rubico Consulting AB, an industrial consultancy firm with 10 employees located in the Swedish city of Luleå.

However, financial details of the deal were not disclosed.

“Rubico’s expertise in signal processing enhances our existing technology base, spanning from traditional IoT hardware to the latest in edge computing. The patented edge algorithm developed by Rubico simplifies and automates analysis of machine data and is an enabler for wireless, energy efficient systems,” Victoria Van Camp, President, SKF Technology, said in a statement.

“We look forward to engaging the Rubico team in the development of SKF’s proprietary fiber optic-based load sensing, a technology already being piloted in the north of Sweden.”

Rubico Consulting AB is specialized in signal data visualization and analysis. This expertise is to be integrated into SKF’s offer around the rotating shaft and is expected to power new technology areas such as bearings with fiber-optic sensors.

“With its leading university and focus on sustainable technology investments, Luleå is quickly becoming a hub of industrial innovation within both renewable energy and green steel. This is one of the reasons why SKF continues to invest in developing its hub for IoT development in Luleå,” Van Camp added.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • USD/JPY hits fresh 6-month highs on BoJ Governor’s statementUSD/JPY hits fresh 6-month highs on BoJ Governor’s statement On Monday the Japanese yen reached fresh 6-month lows against the US dollar on Bank of Japan (BoJ) Governors statement of a continuing central bank quantitative easing in an attempt to achieve a stable 2% rate of inflation.USD/JPY reached […]
  • Forex Market: GBP/NZD daily forecastForex Market: GBP/NZD daily forecast During yesterday’s trading session GBP/NZD traded within the range of 1.9634-1.9786 and closed at 1.9640.At 6:48 GMT today GBP/NZD was losing 0.21% for the day to trade at 1.9612. The pair touched a daily low at 1.9578 at 6:15 GMT, […]
  • Forex Market: USD/CHF daily trading forecastForex Market: USD/CHF daily trading forecast Friday’s trade saw USD/CHF within the range of 1.0015-1.0112. The pair closed at 1.0049, gaining 0.25% on a daily basis.At 7:38 GMT today USD/CHF was up 0.02% for the day to trade at 1.0058. The pair touched a daily high at 1.0074 during […]
  • Forex Market: GBP/CAD daily forecastForex Market: GBP/CAD daily forecast During yesterday’s trading session GBP/CAD traded within the range of 1.8253-1.8343 and closed at 1.8253.At 7:00 GMT today GBP/CAD was losing 0.01% for the day to trade at 1.8270. The pair touched a daily low at 1.8242 at 2:20 […]
  • Gold trading outlook: futures climb as Fed interest rate hike seen delayedGold trading outlook: futures climb as Fed interest rate hike seen delayed Gold edged up on Thursday to end two days of losses after minutes from the Federal Reserves last meeting indicated that some policy makers were keen on keeping interest rates low.Comex gold for delivery in April gained 1.37% to $1 216.6 […]
  • BlackBerry share price down, denies negotiation talks with SamsungBlackBerry share price down, denies negotiation talks with Samsung BlackBerry Ltd and Samsung Electronics have both denied rumors that the South Korean technology giant has made an acquisition offer to the Canadian company.“BlackBerry has not engaged in discussions with Samsung with respect to any […]