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    Home > Finance > SKF sells non-core aerospace business in the U.S. to Carco PRP
    Finance

    SKF sells non-core aerospace business in the U.S. to Carco PRP

    Published by Global Banking & Finance Review®

    Posted on August 18, 2025

    1 min read

    Last updated: January 22, 2026

    SKF sells non-core aerospace business in the U.S. to Carco PRP - Finance news and analysis from Global Banking & Finance Review
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    Tags:divestmentscorporate strategyfinancial managementbusiness services

    Quick Summary

    SKF sells its non-core aerospace unit in Elgin, U.S., to Carco PRP for $70 million, aligning with its strategic focus on core operations.

    Table of Contents

    • SKF's Strategic Business Shift
    • Details of the Sale
    • Focus on Core Operations

    SKF Divests Non-Core Aerospace Unit in Elgin, U.S. to Carco PRP

    SKF's Strategic Business Shift

    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.

    Details of the Sale

    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.

    Focus on Core Operations

    (Reporting by Anna Ringstrom, editing by Louise Rasmussen)

    Key Takeaways

    • •SKF sells its non-core aerospace business in Elgin, U.S.
    • •The sale is valued at an estimated $70 million.
    • •Carco PRP Group is the buyer of the aerospace unit.
    • •The divestment aligns with SKF's strategic focus on core areas.
    • •The operation sold is the precision elastomeric device unit.

    Frequently Asked Questions about SKF sells non-core aerospace business in the U.S. to Carco PRP

    1What is divestment?

    Divestment is the process of selling off a subsidiary or business unit, often to focus on core operations or improve financial performance.

    2What is corporate strategy?

    Corporate strategy refers to the overarching plan and direction of a company, outlining how it will achieve its goals and enhance its competitive position.

    3What is the aerospace industry?

    The aerospace industry encompasses the development and production of aircraft, spacecraft, and related systems and equipment, serving both commercial and military sectors.

    4What are business services?

    Business services are activities that support a company's operations, such as consulting, management, and financial services, aimed at enhancing efficiency and productivity.

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