PE-firm Triton has signed an agreement to acquire the business unit SKF Motion Technologies from SKF Group, listed on Nasdaq Stockholm for SEK 2.75bn net debt adjusted. Triton intends to form a standalone company under a new brand. SKF Motion Technologies is a global provider of electrical linear actuator components- and systems as well as linear motion products. The divested business has approximately 1,200 employees and had a turnover of approximately SEK 2 billion in 2017.
