SKF logo is seen in this illustration taken June 19, 2025. REUTERS/Dado Ruvic/Illustration/ File Photo

STOCKHOLM (Reuters) -Swedish bearings maker SKF said on Monday it had agreed to sell its non-core aerospace operation in Elgin in the U.S. to Carco PRP Group for a total estimated enterprise value of $70 million.

SKF said in a statement the sale of the precision elastomeric device (PED) operation is part a strategy to focus on its core aerospace areas and exit non-strategic business lines.

(Reporting by Anna Ringstrom, editing by Louise Rasmussen)