Timken Mergers and Acquisitions Summary

MachineryCompany

Timken has acquired 41 companies, including 14 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 (45%) and machinery (29%).

Join Mergr and gain access to Timken’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the machinery sector.

M&A Summary

  • M&A Total Activity44
    • M&A Buy Activity38
    • M&A Sell Activity6
  • Total Sectors Invested 6
  • 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 ≤ '18 '19 '20 '21 '22 '23 T
Buy (2.2/yr) # 27 2 1 1 2 5 38
vol $1.9B $165M $305M $2.3B
Sell (0.4/yr) # 4 - - - 1 1 6
vol $545M $545M
  44

Most Recent M&A

Company Date Value Type
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
Rollon-iMS 2021-08-20 - Add-on Acquisition
Norton Shores, Michigan · www.rollon-ims.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 17 (45%) 1.7B (73%) 2 (33%) 330M (61%)
Machinery 11 (29%) 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%) - - -
Test/Measurement Equipment 1 (3%) - - -
Total 38 $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 -
United Kingdom 2 - - -
India 1 - - -
Netherlands 1 280M - -
Slovakia 1 - - -
Domestic 27 (71%) 1.6B (68%) 5 (83%) 545M (100%)
Cross-border 11 (29%) 750M (32%) 1 (17%) -
Total 38 $2.3B 6 $545M

Top M&A Advisors

Financial Deals
Morgan Stanley
1
BofA Securities
1
Deloitte
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)
16%
6 (16%)
Divested to
Investor(s)
17%
1 (17%)
Strategic(s)
67%
4 (67%)

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