M&A Deal Summary

Timken Acquires ABC Bearings

On July 5, 2017, Timken acquired manufacturer ABC Bearings

Acquisition Highlights
  • This is Timken’s 10th transaction in the Manufacturing sector.
  • This is Timken’s 1st transaction in India.

M&A Deal Summary

Date 2017-07-05
Target ABC Bearings
Sector Manufacturing
Buyer(s) Timken
Deal Type Add-on Acquisition

Target

ABC Bearings

Mumbai, India
ABC Bearings Ltd. is a manufacturer of tapered, cylindrical and spherical roller bearings, and slewing rings in India. ABC Bearings is based in Mumbai, India.

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Buyer(S) 1

Buyer

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 STATS #
Overall 25 of 40
Sector: Manufacturing M&A 10 of 18
Type: Add-on Acquisition M&A Deals 22 of 35
Country: India M&A 1 of 1
Year: 2017 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-27 Groeneveld Group Holding B.V.

Gorinchem, Netherlands

Groeneveld Groep Holding B.V. is an independent, internationally operating group of companies active in the development, production, marketing and sales of innovative products and services for improving efficiency, safety and uptime in the transport, public transport, off-road, mining, industrial, port and agricultural sectors

Buy $280M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-24 Cone Drive Group

Traverse City, Michigan, United States

Cone Drive Group is a manufacturer of precision motion control product solutions that offer the highest levels of accuracy, precision, shock loading capacity and torque density for a range of precision motion control and power transmission applications.

Buy -