Salute e Benessere
SKF completes previously announced divestment of its ring and seal operation in Hanover, USA
Aerospace will remain a large, strategic segment also after the divestment with a share of industrial sales corresponding to approximately 9 percent. Investments in strengthening core aeroengine and structure bearing offerings remain a priority for SKF.
The Hanover divestment is in line with SKF's strategic review of its aerospace business, communicated on 27 October 2023 , to focus on core aerospace business and to exit areas that are non-strategic. As previously announced, the Group is exploring options to exit the precision elastomeric device (PED) aerospace operation in Elgin, Illinois , USA, also identified as non-strategic but smaller than Hanover .
29 October 2024 : SKF divests non-core aerospace operation for
USD 220 million [link to press release]
Aktiebolaget SKF
(publ)
Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; carl.bjernstam@skf.com
Investor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908072; sophie.arnius@skf.com
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