Timken - M&A Summary and Business Overview

MachineryCompany

Timken M&A Summary

Timken has acquired 43 companies, including 13 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 17 different US states, and 8 countries. The Company’s most targeted sectors include manufacturing (45%) and machinery (28%).

Timken Business Overview

Where is Timken headquartered?

Timken is headquartered in North Canton, Ohio.

What is Timken’s revenue?

Timken disclosed revenue of 4,769M USD for 2023 and 4,497M USD for 2022.

How many employees does Timken have?

Timken has 19,000 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 Activity46
    • M&A Buy Activity40
    • 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 Co.

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

Timken designs, engineers, manufactures and markets Timken bearings, transmissions, gearboxes, chain and related products, and offers a spectrum of power system rebuild and repair services around the world. Timken was founded in 1899 and is based in North Canton, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.2/yr) # 29 1 1 2 6 1 40
vol $2.0B $305M $2.3B
Sell (0.4/yr) # 4 - - 1 1 - 6
vol $545M $545M
  46

Most Recent M&A

Company Date Value Type
CGI, Inc. 2024-08-05 - Add-on Acquisition
Carson City, Nevada · www.cgimotion.com
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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 18 (45%) 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 40 $2.3B 6 $545M

By Geo

State/Country Buy Value Sell Value
United States 28 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
  Colorado 1 - - -
  California 1 - - -
  West Virginia 1 - - -
  Tennessee 1 - - -
  North Carolina 1 - - -
  New Hampshire 1 185M - -
  Nevada 1 - - -
  Missouri 1 - - -
  Indiana 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 28 (70%) 1.6B (68%) 5 (83%) 545M (100%)
Cross-border 12 (30%) 750M (32%) 1 (17%) -
Total 40 $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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