Add-on Acquisition • Manufacturing

JTEKT Acquires JTEKT - European NRB Business

On July 29, 2009, JTEKT acquired manufacturer JTEKT - European NRB Business from Timken for 330M USD

Acquisition Context
  • This is JTEKT’s 1st transaction in the Manufacturing sector.
  • This is JTEKT’s largest (disclosed) transaction.
  • This is JTEKT’s 1st transaction in France.
Investment Fate
  • JTEKT - European NRB Business was divested to a consortium of strategic buyers in 2024.

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M&A Deal Summary

Date July 29, 2009
Target JTEKT - European NRB Business
Sector Manufacturing
Buyer(s) JTEKT
Sellers(s) Timken
Deal Type Add-on Acquisition
Deal Value 330M USD

Target Company

JTEKT - European NRB Business

Vierzon, France
JTEKT Corp's European needle roller bearing business (NRB) serves automotive, industrial, and aerospace & defense customers. JTEKT Corp's European needle roller bearing business is based in Vierzon, France.
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Buyer Overview 1

Buyer

JTEKT

Osaka, Japan

Category Company
Founded 1921
Sector Machinery
Employees45,018
Revenue 1.88T JPY (2025)
DESCRIPTION

Jtekt manufacture and sale of steering systems, driveline components, bearings, machine tools, electronic control devices, home accessory equipment, etc. JTEKT was founded in 1921 and is based in Osaka, Japan.


Deal Context for Buyer #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 1 of 1
Country: France 1 of 1
Year: 2009 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-23 JTEKT - European NRB Business

Vierzon, France

JTEKT Corp's European needle roller bearing business (NRB) serves automotive, industrial, and aerospace & defense customers. JTEKT Corp's European needle roller bearing business is based in Vierzon, France.

Sell -

Seller Profile 1

SELLER

Timken

North Canton, Ohio, United States

Category Company
Founded 1899
Sector Machinery
Employees19,000
Revenue 4.6B USD (2024)
DESCRIPTION
Timken's corporate headquarters in North Canton, Ohio.
Timken's corporate headquarters in North Canton, Ohio.

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.


Deal Context for Seller #
Overall 2 of 6
Sector: Manufacturing 1 of 3
Type: Add-on Acquisition 1 of 1
Country: France 1 of 1
Year: 2009 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-03 EXTEX

Gilbert, Arizona, United States

EXTEX is a designer and marketer of high-quality replacement engine parts for the aerospace aftermarket. EXTEX is based in Gilbert, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-19 QM Bearings and Power Transmission

Ferndale, Washington, United States

QM Bearings and Power Transmission, Inc. is a manufacturer of spherical steel housed units and elastomeric couplings for industrial applications.

Buy -