Timken - M&A Summary and Business Overview

MachineryCompany

Timken M&A Summary

Timken has acquired 42 companies, including 12 in the last 5 years. A total of 10 acquisitions came from private equity firms. It has also divested 6 assets.

Timken’s largest acquisition to date was in 2003, when it acquired The Torrington Company for $840M. It’s largest disclosed sale occurred in 2009, when it sold Needle Roller Bearings Business to JTEKT for $330M. Timken has acquired in 16 different US states, and 8 countries. The Company’s most targeted sectors include manufacturing (44%) and machinery (29%).

Timken Business Overview

Where is Timken headquartered?

Timken is headquartered in North Canton, Ohio.

What is Timken’s revenue?

Timken disclosed revenue of 4,497M USD for 2022 and 4,133M USD for 2021.

How many employees does Timken have?

Timken has 17,000 employees.

What sector is Timken in?

Timken is a machinery company.

When was Timken founded?

Timken was founded in 1899.

M&A Summary

  • M&A Total Activity45
    • M&A Buy Activity39
    • M&A Sell Activity6
  • Total Sectors Invested 7
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 22
  • M&A Advisors 4

Timken

The Timken Company

4500 Mount Pleasant St. N.W.,
North Canton, Ohio 44720
United States,
(234) 262-3000
www.timken.com


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.0/yr) # 29 1 1 2 6 - 39
vol $2.0B $305M $2.3B
Sell (0.4/yr) # 4 - - 1 1 - 6
vol $545M $545M
  45

Most Recent M&A

Company Date Value Type
Lagersmit Sealing Solutions BV 2023-12-21 - Add-on Acquisition
Alblasserdam, Netherlands · www.lagersmit.com
Jiangsu TWB Bearings Co., Ltd. 2023-10-26 - Divestiture
, China
Engineered Solutions Group 2023-10-16 - Add-on Acquisition
Houston, Texas · www.esgproducts.com
Rosa Sistemi SpA 2023-10-02 - Add-on Acquisition
Legnano, Italy · www.rosa-sistemi.it
Des-Case Corp. 2023-09-05 - Add-on Acquisition
Goodlettsville, Tennessee · www.descase.com
American Roller Bearing Co. 2023-02-01 - Add-on Acquisition
Hickory, North Carolina · www.amroll.com
Nadella S.p.A. 2023-01-30 - Add-on Acquisition
Milan, Italy · www.nadella.it
Aerospace Drive Systems 2022-11-07 - Divestiture
Manchester, Connecticut · www.aerodrivesystems.com
GGB Bearing Technology (Suzhou) Co., Ltd. 2022-09-06 305M USD Divestiture
Suzhou, China · www.ggbearings.com
Spinea s.r.o. 2022-04-29 - Add-on Acquisition
Haniska, Slovakia · www.spinea.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 17 (44%) 1.7B (73%) 2 (33%) 330M (61%)
Machinery 11 (28%) 431M (18%) - -
Aerospace 5 (13%) 200M (9%) 2 (33%) -
Electrical Equipment 3 (8%) - - -
Metals/Mining - - 2 (33%) 215M (39%)
Energy Services and Equipment 1 (3%) - - -
Marine 1 (3%) - - -
Test/Measurement Equipment 1 (3%) - - -
Total 39 $2.3B 6 $545M

By Geo

State/Country Buy Value Sell Value
United States 27 1.6B 5 545M
  Connecticut 3 1.0B 1 -
  Arizona 3 - 1 -
  Michigan 3 - - -
  Illinois 3 158M - -
  Ohio 2 - 1 -
  Washington 2 - - -
  Texas 2 - - -
  Pennsylvania 1 200M 1 215M
  West Virginia 1 - - -
  Tennessee 1 - - -
  North Carolina 1 - - -
  New Hampshire 1 185M - -
  Missouri 1 - - -
  Indiana 1 - - -
  Colorado 1 - - -
  California 1 - - -
  Georgia - - 1 330M
Italy 3 - - -
Canada 2 165M - -
  Saskatchewan 1 - - -
  Ontario 1 165M - -
China 1 305M 1 -
Netherlands 2 280M - -
United Kingdom 2 - - -
India 1 - - -
Slovakia 1 - - -
Domestic 27 (69%) 1.6B (68%) 5 (83%) 545M (100%)
Cross-border 12 (31%) 750M (32%) 1 (17%) -
Total 39 $2.3B 6 $545M

Top M&A Advisors

Financial Deals
BofA Securities
1
Deloitte
1
Morgan Stanley
1
Legal Deals
Jones Day
3

Deal Values

buy # Total
$100M to $1B 7 $2.2B
< $100M 2 $158M
TOTAL $2.3B
Largest The Torrington Company
$840M (2003-02-18)
sell # Total
$100M to $1B 2 $545M
TOTAL $545M
Largest Needle Roller Bearings Business
$330M (2009-07-29)

M&A Connections

Deals
Acquired from
Investor(s)
18%
7 (18%)
Strategic(s)
15%
6 (15%)
Divested to
Investor(s)
17%
1 (17%)
Strategic(s)
67%
4 (67%)

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