Published by Global Banking & Finance Review®
Posted on August 18, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleSKF sells its non-core aerospace unit in Elgin, U.S., to Carco PRP for $70 million, aligning with its strategic focus on core operations.
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)
Divestment is the process of selling off a subsidiary or business unit, often to focus on core operations or improve financial performance.
Corporate strategy refers to the overarching plan and direction of a company, outlining how it will achieve its goals and enhance its competitive position.
The aerospace industry encompasses the development and production of aircraft, spacecraft, and related systems and equipment, serving both commercial and military sectors.
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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