SKF sells non-core aerospace business in the U.S. to Carco PRP (updated)
18/08/2025 07:10
Adds detail on sale in paragraph 2 STOCKHOLM, Aug 18 (Reuters) - Swedish bearings maker SKF SKFb.ST 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) ((anna.ringstrom@thomsonreuters.com;))