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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 and Finance Review

Posted on August 18, 2025

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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)

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