SKF concludes strategic review of Aerospace business; strengthens its core business
Gothenburg, 27 October 2023: Following the completion of a strategic review of its Aerospace business, SKF is further strengthening and investing in its Aerospace core areas, but also exploring strategic options to fully or partially exit business lines that are non-core. SKF’s Aerospace business is refocussing around its core areas related to the aeroengine and aerostructure bearing offers. These areas will be further strengthened through accelerated investments, including digitalization, automation, and additional modernization activities of the Group’s factories. Rickard Gustafson,