SKF could be on its way to selling Motion Technologies - report (translated)
17 JUN 2018
SKF, the Swedish industrial group, could soon sell its linear drive systems products operations, Motion Technologies, according toDagens Industri.
The Swedish business daily reported, citing unnamed sources, that Motion Technologies could fetch around SEK 3bn (EUR 296m). The source also said that Motion Technologies works out of seven factories which are all connected to SKF's other operations, so a plan regarding how to separate the company's operations from SKF is necessary.
An SKF spokesperson did not wish to comment on the matter. He also declined to comment on whether there are other businesses within SKF not considered core operations.
One source said that Motion Technologies has a turnover of around SEK 2.5bn (EUR 246m).