Entering text into the input field will update the search result below

SKF divests linear and actuation technology business to Triton for SEK2.75B

Jul. 31, 2018 5:34 AM ETAB SKF (publ) (SKFRY) StockBy: Niloofer Shaikh, SA News Editor
  • SKF (OTCPK:SKFRY) has signed an agreement to divest its linear and actuation technology business to Triton for SEK2.75B, on a cash- and debt free basis and it is expected to close during the end of 2018.
  • Christian Johansson, Senior Vice President and CFO, says: "Having successfully developed this as a stand-alone entity, it will now have an ownership structure that is able to invest in its continued development. The transaction also represents value for us and our shareholders by strengthening our balance sheet and focusing our product portfolio."
  • In total, these divestments have now raised approximately SEK6.7B.

Recommended For You

More Trending News

About SKFRY Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
SKFRY--
AB SKF (publ)