STOCKHOLM (Reuters) -Swedish bearings maker SKF said on Monday it had agreed to sell its non-core aerospace operation in Elgin in the U.S. to Carco PRP Group for a total estimated enterprise value of $70 million. SKF said in a statement the sale of the precision elastomeric device (PED) operation is part a strategy to […]
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SKF sells non-core aerospace business in the U.S. to Carco PRP
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STOCKHOLM (Reuters) -Swedish bearings maker SKF said on Monday it had agreed to sell its non-core aerospace operation in Elgin in the U.S. to Carco PRP Group for a total estimated enterprise value of $70 million.
SKF said in a statement the sale of the precision elastomeric device (PED) operation is part a strategy to focus on its core aerospace areas and exit non-strategic business lines.
(Reporting by Anna Ringstrom, editing by Louise Rasmussen)