<p>SKF has completed the divestment of its precision elastomeric device (PED) operation in Elgin, Illinois, to Carco PRP Group for a total enterprise value of USD 75 million (approximately SEK 675 million). This move follows SKF’s strategic decision to exit non-core aerospace business lines and focus on its core aerospace areas. The transaction is expected to generate a capital gain of around SEK 0.4 billion in the first quarter. According to Hans Landin, President of Specialized Industrial Solutions, the company’s full attention will now be on innovation and growth in its core aeroengine and aerostructure bearing offerings. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AB SKF published the original content used to generate this news brief via Cision (Ref. ID: BITN____20260130BIT3882) on January 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)</p>

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SKF Completes Sale of Elgin Aerospace Operation to Carco PRP Group