SKF divests metallic rods operation to Precision Castparts Corp.
“Our strategy in the aerospace segment is to strengthen our leadership in our core competencies within bearings and seals and to further develop our composite technology. The divestment of our metallic rods portfolio to Precision Castparts Corp. supports this strategy. Their focus on complex metal components for the aerospace segment makes this a good fit,” says Stephane Le-Mounier, Director SKF Aerospace.
The sale affects around 230 employees in France and around 25 in the US.
SKF Aerospace provides highly engineered, customized solutions to aircraft, helicopter, engine, and system manufacturers, including main-shaft and transmission bearings, seals and precision elastomeric devices.
For further information, please contact:
Media Hotline: +46 31 337 2400
Rebecca Janzon, Director, Press Relations
tel: +46 31-337 3880, mobile: +46 727-173880, e-mail: rebecca.janzon@skf.com
Marita Björk, Head of Investor Relations
tel: +46 31-337 1994, mobile: +46 705-181994, e-mail: marita.bjork@skf.com
SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2012 were SEK 64,575 million and the number of employees was 46,775. www.skf.com
® SKF is a registered trademark of the SKF Group.
™ BeyondZero is a trademark of the SKF Group.
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