Timken Completes Spinea Acquisition - Modern Distribution Management

Timken Completes Spinea Acquisition

The bearings and power transmission company says it finalized its deal with the and manufacturer of cycloidal reduction gears and actuators.
Timken Completes Acquisition

Ohio-based The Timken Company (NYSE: TKR), an industrial leader in engineered bearings and power transmission products, announced it has completed its acquisition of Spinea, a European technology leader and manufacturer of highly engineered cycloidal reduction gears and actuators.

Financial terms were not disclosed, though Timken said Spinea sales are expected to be around $40 million for the full year 2022. Spinea is located in Presov, Slovakia.

“Spinea will further scale Timken‘s position in automation, which was the company’s second-largest market after renewable energy in 2021,” Timken said in a statement.

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