SKF Divests Linear and Actuation Technology Business
SKF has signed an agreement to divest its linear and actuation technology business to Triton. The total consideration of the deal is SEK 2.75 billion, on a cash- and debt free basis and it is expected to close during the end of 2018. The divestment is subject to regulatory approvals and involves consultation with employee representative bodies.
In 2017, SKF's linear and actuation technology business had approximately 1,200 employees and sales of SEK 2 billion.
SKF was advised by Mannheimer Swartling.