SKF sells its machine tool manufacturer to KMT
SKF sells its machine tool manufacturer to KMT SKF has decided to sell its machine-tool manufacturer LMT, Lidköping Machine Tools AB, in Lidköping Sweden, to KMT - Karolin Machine Tool AB. LMT is a world leader in the manufacture of grinding machines. With the acquisition KMT strengthens its position within the product area precision grinding. The sale, which is part of SKF's strategy to reduce its vertical integration and thus the amount of its capital employed, will reduce the company's assets by approximately MSEK 300. The sales price, including taking over of loans, is somewhat over