Edition:
United States

SKF divests linear and actuation technology business


Tuesday, 31 Jul 2018 02:00am EDT 

July 31 (Reuters) - AB SKF ::SKF DIVESTS LINEAR AND ACTUATION TECHNOLOGY BUSINESS.SAYS TOTAL CONSIDERATION OF DEAL IS SEK 2.75 BILLION, ON A CASH- AND DEBT FREE BASIS AND IT IS EXPECTED TO CLOSE DURING END OF 2018.SAYS SIGNED AN AGREEMENT TO DIVEST ITS LINEAR AND ACTUATION TECHNOLOGY BUSINESS TO TRITON.