Triton has signed an agreement to acquire SKF Motion Technologies
Stockholm (Sweden), Gothenburg (Sweden) 31 July 2018 – Funds advised by Triton (“Triton”) have signed an agreement of its intention to acquire the business unit SKF Motion Technologies from SKF Group, listed on Nasdaq Stockholm. Triton intends to form a standalone company under a new brand.Regulatory approvals, finalization of necessary consultations and other customary closing conditions are underway. SKF’s French linear and actuation technology business is dealt with on a separate process, but both parties have the intention to reach an agreement to also divest it to Triton. SKF Motion