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flag SKF sells its Illinois aerospace unit to Carco PRP Group for $70M, focusing on core aerospace areas.

flag SKF, a Swedish industrial company, has sold its non-core aerospace operation in Elgin, Illinois, to Carco PRP Group for about $70 million. flag This move lets SKF focus on core aerospace areas like aeroengine and aerostructure bearings. flag The divestment, expected to close by the end of 2025, aligns with SKF's strategy to invest more in digitalization and factory modernization.

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