Triton acquires SKF Motion in SEK 2.75bn deal

The deal sees SKF Group divest its linear and actuation technology business, SKF Motion Technologies, to Triton. The total consideration of the debt-free deal was SEK 2.75bn, paid in cash. The GP intends to form a standalone company under a new brand, with the deal expected to complete by the end of 2018. 

SKF's French linear and actuation technology business is being sold in a separate process, with the intention to reach an agreement to also divest it to Triton.

KPMG Corporate Finance is working as financial adviser on the transaction. 

Company
Headquartered in Gothenburg and established in 1907, SKF Motion Technologies is a provider of electrical linear actuator components and systems, as well as linear motion products. It supplies markets including medical and industrial actuators and roller screws.

SKF's linear and actuation technology business operates nine production sites across Sweden, France, Switzerland, Germany, the US, Taiwan and China, as well as 13 sales units. It employs a staff of 1,200 and reported sales of SEK 2bn in 2017.

People
Triton Partners – Peder Prahl (director); Johan Pernvi (investment advisory professional).
SKF Motion Technologies – Daniel Westberg (managing director).

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• Topics
• Buyouts
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• Sweden
• Triton Partners