SKF divests ring and seal operation in Hanover, Pennsylvania to Carco PRP Group for USD 220M

SKF has signed an agreement to divest its ring and seal operation in Hanover, Pennsylvania, USA, to Carco PRP Group through its US aerospace subsidiary PCTI, for a total enterprise value of USD 220 million. The divestment is expected to close during the first quarter of 2025.

“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.”prnewswire.com

• 2 sources
• prnewswire.comSKF divests non-core aerospace operation for USD 220 millionSKFOct 29, 2024
• legaldesire.comLatham & Watkins Advises Carco PRP Ltd on Acquisition of SKF’s Non-Core Aerospace Operation - Legal Desire Media and InsightsNitya VashishthaNov 3, 2024

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