Timken expands further into the automation and robotic solutions field, after acquiring Cone Drive in 2018, Spinea in 2022 and CGI in 2024.
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Tarak Mehta, currently President of ABB’s Motion business, is set to become Timken's President and CEO on Sept. 5.
Lagersmit is a Netherlands-based maker of sealing solutions that is expected to have 2023 annual sales of about $40 million.
It’s one of two Timken Belts factories, and follows the closing of South Carolina bearings plant this year.
Timken's acquisition of iMECH enables the bearings manufacturer to increase its product breadth and provides cross-selling opportunities.
The acquisition of manufacturer Rosa Sistemi will add complementary product lines in linear motion to Timken's portfolio.
Des-Case's revenue for the calendar year 2023 is expected to be around $40 million, according to a news release.
It's a big week for industrial manufacturer's financial reports. We recap the key figures for four of them here.
This adds to the $75 million Timken committed in late 2020 to strengthen both its wind and solar capabilities.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
After almost 50 deals in January, MDM highlighted just 29 during February, which still would have been a relatively high amount during any month over the past few years.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Timken's latest M&A deal comes just two days after the company reached an agreement to acquire Nadella Group.
Timken has agreed to acquire Nadella Group, a manufacturer of motion technology based in Italy.
The Gaffney plant, which once employed more than 200 workers, had seen its employment numbers dwindle over the years.
MDM looks at reports from Stanley Black & Decker, Avnet, Timken, Illinois Tool Works, MSA Safety Incorporated, Caterpillar and Saint-Gobain.
It adds approximately $200 million in revenue and 900 employees to Timken.
The bearings maker has new leaders for its Industrial Motion and Engineered Bearings units, while its HR leader is now an executive officer.
In the latest earnings reporting period for publicly-traded companies, these distributors and manufacturers reported strong sales figures.
The bearings and power transmission company says it finalized its deal with the and manufacturer of cycloidal reduction gears and actuators.
