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The West-Swedish engineering company sells its linear operations and its actuation to private equity firm Triton for SEK 2.75 billion of adjusted net debt.
The divested business had approximately 1,200 employees in 2017.
The divestiture is part of SKF's focus on the core business. In total, these disposals generated approximately SKK 6.7 billion, writes SKF.
– We have successfully developed this store as an independent business and we now have a property structure that will allow this positive trend to continue. Divestment also creates value for us and our shareholders as it strengthens our balance sheet and focuses our product portfolio, says Christian Johansson, SKF CFO, in the press release.
The company is expected to be finalized by the end of 2018 Employers' Representatives
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