Timken Mergers and Acquisitions Summary

MachineryCompany

Timken has acquired 35 companies, including 12 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 4 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 14 different US states, and 7 countries. The Company’s most targeted sectors include manufacturing (38%) and machinery (32%).

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 Activity36
    • M&A Buy Activity32
    • M&A Sell Activity4
  • Total Sectors Invested 6
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 18
  • 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 ≤ '17 '18 '19 '20 '21 '22 T
Buy (1.4/yr) # 25 2 2 1 1 1 32
vol $1.9B $165M $2.0B
Sell (0.0/yr) # 4 - - - - - 4
vol $545M $545M
  36

Most Recent M&A

Company Date Value Type
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
Aurora Bearing Co. 2020-12-01 - Add-on Acquisition
Montgomery, Illinois · www.aurorabearing.com
BEKA Lubrication, Inc. 2019-09-16 165M USD Add-on Acquisition
Mississauga, Ontario · www.beka-lube.com
The Diamond Chain Co. 2019-04-01 - Divestiture
Indianapolis, Indiana · www.diamondchain.com
Rollon S.p.A. 2018-07-27 - Add-on Acquisition
Milan, Italy · www.rollon.com
Cone Drive Group 2018-07-24 - Add-on Acquisition
Traverse City, Michigan · www.conedrive.com
ABC Bearings Ltd. 2017-07-05 - Add-on Acquisition
Mumbai, India · www.abcbearings.com
Groeneveld Group Holding B.V. 2017-06-27 280M USD Add-on Acquisition
Gorinchem, Netherlands · www.groeneveld-group.com
PT Tech, Inc. 2017-05-05 - Divestiture
Sharon Center, Ohio · www.pttech.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 12 (38%) 1.4B (69%) 1 (25%) 330M (61%)
Machinery 10 (31%) 431M (21%) - -
Aerospace 5 (16%) 200M (10%) 1 (25%) -
Electrical Equipment 3 (9%) - - -
Metals/Mining - - 2 (50%) 215M (39%)
Energy Services and Equipment 1 (3%) - - -
Test/Measurement Equipment 1 (3%) - - -
Total 32 $2.0B 4 $545M

By Geo

State/Country Buy Value Sell Value
United States 24 1.6B 4 545M
  Arizona 3 - 1 -
  Michigan 3 - - -
  Illinois 3 158M - -
  Connecticut 3 1.0B - -
  Ohio 2 - 1 -
  Washington 2 - - -
  Pennsylvania 1 200M 1 215M
  West Virginia 1 - - -
  Texas 1 - - -
  New Hampshire 1 185M - -
  Missouri 1 - - -
  Indiana 1 - - -
  Colorado 1 - - -
  California 1 - - -
  Georgia - - 1 330M
Canada 2 165M - -
  Saskatchewan 1 - - -
  Ontario 1 165M - -
United Kingdom 2 - - -
India 1 - - -
Italy 1 - - -
Netherlands 1 280M - -
Slovakia 1 - - -
Domestic 24 (75%) 1.6B (78%) 4 (100%) 545M (100%)
Cross-border 8 (25%) 445M (22%) - -
Total 32 $2.0B 4 $545M

Top M&A Advisors

Financial Deals
Bank of America Merrill Lynch (BofA Securities)
1
Deloitte
1
Morgan Stanley
1
Legal Deals
Jones Day
3

Deal Values

buy # Total
$100M to $1B 6 $1.9B
< $100M 2 $158M
TOTAL $2.0B
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)
19%
6 (19%)
Strategic(s)
16%
5 (16%)
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
50%
2 (50%)

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