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SKF Divests Kaydon Velocity Control Business

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GÖTEBORG, Sweden--(BUSINESS WIRE)--Regulatory News: SKF (STO:SKFA)(STO:SKFB)(Pink Sheets:SKFRY)(LSE:SKFB) has signed an agreement, subject to regulatory approvals, to divest its Kaydon velocity control business to Stabilus, a global supplier to the automotive and industrial markets. Stabilus develops and produces electromechanical drives, as well as gas springs and hydraulic dampers. The company has its operational headquarters in Koblenz, Germany and is listed on the SDAX index of the Frankfur


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