Timken
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27.08.2018 Anmopyc News (0 Comments )

Acquisitions Timken - Rollon & Cone Drive


The Timken Company, a world leader in engineered bearings and power transmission products, has reached the following agreements:


1. Timken to Expand Portfolio With Acquisition of Rollon, a Leader in Linear Motion

NORTH CANTON, Ohio, July 27, 2018
The Timken Company, has reached an agreement with pan-European firm Chequers Capital and IGI Private Equity to acquire Rollon Group. A leader in engineered linear motion products, Rollon specializes in the design and manufacture of linear guides, telescopic rails and linear actuators used in a wide range of industries such as passenger rail, aerospace, packaging and logistics, medical and automation. Rollon sales are expected to be about $140 million for the full year 2018.

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2. Timken to Acquire Cone Drive, a leader in Precision Drives Serving Attractive Markets

NORTH CANTON, Ohio, July 24, 2018
The Timken Company,  today announced that it has reached an agreement to acquire Cone Drive, a leader in precision drives used in diverse markets including solar, automation, aerial platforms, and food and beverage. Cone Drive sales are expected to be slightly above $100 million for the full year 2018. 

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