M&A Deal Summary

JTEKT Acquires Needle Roller Bearings Business

On July 29, 2009, JTEKT acquired manufacturer Needle Roller Bearings Business from Timken for 330M USD

Acquisition Highlights
  • This is JTEKT’s 1st transaction in the Manufacturing sector.
  • This is JTEKT’s largest (disclosed) transaction.
  • This is JTEKT’s 1st transaction in the United States.
  • This is JTEKT’s 1st transaction in Georgia.

M&A Deal Summary
Date 2009-07-29
Target Needle Roller Bearings Business
Sector Manufacturing
Buyer(s) JTEKT
Sellers(s) Timken
Deal Type Add-on Acquisition
Deal Value 330M USD

Target

Needle Roller Bearings Business

Cairo, Georgia, United States
Needle Roller Bearings business manufactures highly engineered needle roller bearings, including an extensive range of radial and thrust needle roller bearings, as well as bearing assemblies and loose needles, for automotive and industrial applications.

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Buyer(S) 1

Buyer

JTEKT

Category Company
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Timken

North Canton, Ohio, United States
Category Company
Founded 1899
Sector Machinery
Employees19,000
Revenue 4.8B USD (2023)
DESCRIPTION
Entrance to Timken's corporate headquarters in North Canton, Ohio.
Entrance to 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 STATS #
Overall 2 of 6
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Georgia) 1 of 1
Country (United States) 2 of 5
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 -
Mergr

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