"CEO Rickard Gustafson will announce that the Group is conducting a strategic review of its Aerospace business, considering ongoing consolidation in the industry," SKF said in a statement ahead of its capital markets day.
Bloomberg News reported on Tuesday that a potential sale had been prompted by calls for a change from its second largest owner, activist investor Cevian Capital.
SKF's aerospace business accounts for around 5% of group sales, according to brokerage Berenberg.
(Reporting by Marie Mannes and Terje Solsvik, editing by Anna Ringstrom)