SKF divests linear and actuation technology business

Gothenburg, 31 July 2018: SKF has signed an agreement to divest its linear and actuation technology business to Triton. The total consideration of the deal is SEK 2.75 billion, on a cash- and debt free basis and it is expected to close during the end of 2018. 

The divestment is subject to regulatory approvals and involves consultation with employee representative bodies. 

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.” 

The divestment announced today is part of the Group’s efforts to focus on its core business and value propositions around the rotating shaft. In total, these divestments have now raised approximately SEK 6.7 billion. 

In 2017, SKF’s linear and actuation technology business had approximately 1,200 employees and sales of SEK 2 billion. 

About BHR Bearing ( Shenzhen Qinggong Bearing Co, Ltd.)

Shenzhen Qinggong Bearing Co., Ltd. （www.bhrbearing.cn）is a well-know bearing manufacturer in China since the year 1996 with its own factory. Despite our own BHR bearings, we also distribute kinds of famous branded bearings from worldwide manufacturers SKF, FAG, NSK, KOYO, NTN, NACHI, ASAHI, TOYOTA......and OEM can also be supplied.

We Shenzhen Qinggong Bearing Co., Ltd. is focused and committed to deliver our customers high quality products and solutions because they are at the core of everything we do. By combining technology with our design engineering expertise we are able to offer a breadth of advanced bearings and solutions. 

With variety of bearinAgs, competitive prices, fast delivery and good after-sale service, hope we will get a chance to talk bearings together.