The 2020 Mid-Year Economic Update_long

SKF to Divest Linear and Actuation Technology Business

Swedish manufacturer agrees to sell business to Triton in cash deal.

Swedish bearing manufacturer SKF (STO: SKFA), Goteborg, Sweden, has agreed to divest its linear and actuation technology business to Triton.

The deal is worth SEK 2.75 billion (US $315 million) on a cash- and debt free basis and it is expected to close during the end of 2018, the company said.

 

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