Tencent Securities News Beijing time on the evening of August 17th, according to Market Watch website report, the world's largest ball bearing manufacturer SKF AB has completed the sale of Canfield Technology Company to Gen Cap America. Gen Cap America is a private equity firm headquartered in Nashville, Tennessee.

The amount involved in the transaction is about $23 million.

Canfield Technologies had sales of $17 million in 2014. The company is part of the SKF Group, but exists as an independent enterprise.

SKF AB shares rose 0.2 per cent to 170.70 Swedish kronor at 07:09 GMT. (thank you)

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