Sweden’s SKF, the world’s biggest maker of industrial bearings, on Tuesday said it had agreed to divest its linear and actuation technology business to investment firm Triton for 2.75 billion crowns ($314 million).
The company’s divestments have raised around 6.7 billion crowns.
SKF said the total consideration for the deal is 2.75 billion crowns on a cash- and debt-free basis and is expected to close by the end of 2018.
SKF’s linear and actuation technology business had sales of 2 billion crowns in 2017.
Source: Reuters.com