SKF divests non-core aerospace operation for USD 220 million
SKF has signed an agreement to divest its ring and seal operation in Hanover, Pennsylvania to Carco PRP Group's subsidiary PCTI for USD 220 million (approximately SEK 2.3 billion). The facility, which manufactures mechanical seals and rings with annual sales of SEK 700 million, is being sold as part of SKF's strategic review to focus on core aerospace business. SKF will continue to concentrate on aeroengine and aerostructure bearing offers, representing annual sales of SEK 6 billion. The company is also planning to exit its precision elastomeric device operation in Elgin, Illinois. The Hanover divestment is expected to close in Q1 2025, subject to regulatory approval.
SKF ha firmato un accordo per cedere la sua attività di anelli e guarnizioni a Hanover, Pennsylvania, alla sussidiaria PCTI del gruppo Carco PRP per 220 milioni di USD (circa 2,3 miliardi di SEK). Lo stabilimento, che produce guarnizioni meccaniche e anelli con vendite annuali di 700 milioni di SEK, viene venduto nell'ambito della revisione strategica di SKF per concentrarsi sul business principale dell'aviazione. SKF continuerà a focalizzarsi sulle offerte di cuscinetti per motori aeronautici e aerostrutture, che rappresentano vendite annuali di 6 miliardi di SEK. L'azienda prevede anche di uscire dalla sua attività di dispositivi elastomerici di precisione a Elgin, Illinois. Si prevede che la cessione di Hanover si chiuderà nel primo trimestre del 2025, soggetta ad approvazione normativa.
SKF ha firmado un acuerdo para desinvertir su operación de anillos y sellos en Hanover, Pennsylvania, a la subsidiaria PCTI del grupo Carco PRP por 220 millones de USD (aproximadamente 2.3 mil millones de SEK). La instalación, que fabrica sellos mecánicos y anillos con ventas anuales de 700 millones de SEK, se está vendiendo como parte de la revisión estratégica de SKF para centrarse en su negocio central de aviación. SKF continuará concentrándose en las ofertas de rodamientos para motores aeroespaciales y aerostructuras, lo que representa ventas anuales de 6 mil millones de SEK. La empresa también planea salir de su operación de dispositivos elastoméricos de precisión en Elgin, Illinois. Se espera que la desinversión de Hanover se cierre en el primer trimestre de 2025, sujeto a aprobación regulatoria.
SKF는 펜실베이니아주 한노버에서 링 및 밀폐 장치 운영을 Carco PRP 그룹의 자회사 PCTI에 2억 2천만 USD (약 23억 SEK)에 매각하는 계약을 체결했습니다. 이 시설은 연간 7억 SEK의 매출을 올리는 기계적 밀폐 장치와 링을 제조하고 있으며, SKF의 핵심 항공 우주 사업에 집중하기 위한 전략적 검토의 일환으로 판매됩니다. SKF는 항공 엔진 및 항공 구조물 베어링 제품에 계속 집중할 계획이며, 이는 연간 60억 SEK의 매출을 나타냅니다. 회사는 또한 일리노이주 엘진에 있는 정밀 엘라스토머 장치 운영에서 철수할 계획입니다. 한노버에서의 매각은 규제 승인을 조건으로 2025년 1분기에 마감될 것으로 예상됩니다.
SKF a signé un accord pour céder son activité de roulements et joints à Hanover, en Pennsylvanie, à la filiale PCTI du groupe Carco PRP pour 220 millions USD (environ 2,3 milliards SEK). L'usine, qui fabrique des joints mécaniques et des roulements avec des ventes annuelles de 700 millions SEK, est vendue dans le cadre de l'examen stratégique de SKF pour se concentrer sur ses activités principales dans le secteur aéronautique. SKF continuera à se concentrer sur les offres de roulements pour moteurs aériens et pour la construction aéronautique, représentant des ventes annuelles de 6 milliards SEK. L'entreprise prévoit également de se retirer de son activité de dispositifs élastomères de précision à Elgin, Illinois. La cession de Hanover devrait être finalisée au premier trimestre 2025, sous réserve de l'approbation réglementaire.
SKF hat eine Vereinbarung zur Veräußerung seines Rings- und Dichtungsbetriebs in Hanover, Pennsylvania, an die Tochtergesellschaft PCTI der Carco PRP Gruppe für 220 Millionen USD (ungefähr 2,3 Milliarden SEK) unterzeichnet. Die Einrichtung, die mechanische Dichtungen und Ringe mit einem Jahresumsatz von 700 Millionen SEK herstellt, wird im Rahmen von SKFs strategischer Überprüfung verkauft, um sich auf das Kerngeschäft der Luftfahrt zu konzentrieren. SKF wird weiterhin auf Angebote für Luftfahrtmotoren und -strukturen fokussiert bleiben, die einen Jahresumsatz von 6 Milliarden SEK repräsentieren. Das Unternehmen plant auch, sich aus seinem Betrieb von präzisen elastomerischen Geräten in Elgin, Illinois, zurückzuziehen. Der Verkauf in Hanover wird voraussichtlich im ersten Quartal 2025 abgeschlossen, vorbehaltlich der Genehmigung durch die Regulierungsbehörden.
- Sale of non-core asset for USD 220 million at accretive multiples
- Strategic focus on core aerospace business with SEK 6 billion annual sales
- Streamlining operations to improve profitability and growth
- Reduction in total revenue stream by SEK 700 million annually
The
"I'm pleased that we have been able to deliver on our prior promises and successfully reached an agreement to divest this successful but non-core business at accretive multiples. With a new owner, I'm confident that
SKF will continue to focus its aerospace business around high growth core areas related to aeroengine and aerostructure bearing offers, representing annual sales of approximately
As previously announced, SKF is exploring options to exit the precision elastomeric device (PED) aerospace operation in
The
Aktiebolaget SKF
(publ)
CONTACT:
For further information, please contact:
PRESS: Carl Bjernstam, Head of Media Relations
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INVESTOR RELATIONS: Sophie Arnius, Head of Investor Relations
tel: 46 31-337 8072; mobile: 46 705-908 072; e-mail: sophie.arnius@skf.com
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