Sale of SKF's forging in Germany signed

Sale of SKF's forging in Germany signed

SKF has signed an agreement to sell its forging business at the Luchow plant in Germany to Hay Speed Umformtechnik GmbH, a company established by the majority of the owners of Johann Hay GmbH & Co KG, one of the largest privately owned forging companies in Germany.

The sales price is EUR 33 millions and SKF will make a profit on the sale of some EUR  4 million, that will be reported in the second quarter of 2007. SKF's forging business in Luchow has 222 employees and the sales for 2006 amounted to EUR 74 million.

The sales of the forging business is fully in line with the Group's manufacturing strategy to divest none-core component manufacturing.

Göteborg, 13 March 2007

Aktiebolaget SKF
(publ.)








For further information, please contact:
PRESS: Lars G Malmer, SKF Group Communication, tel. +46 (0)31 337 1541, e-mail: Lars.G.Malmer@skf.com
IR: Marita Björk, SKF Investor Relations, tel: +46 (0)31 337 1994, mobile: +46 (0)705-181994,          e-post: marita.bjork@skf.com


Aktiebolaget SKF
SE-415 50 Göteborg, Sweden
Tel. +46 31 337 10 00  Fax. +46 31 337 17 22  www.skf.com