M&A Deal Summary

Timken Acquires Cone Drive Group

On July 24, 2018, Timken acquired machinery company Cone Drive Group from Clyde Blowers Capital

Acquisition Highlights
  • This is Timken’s 6th transaction in the Machinery sector.
  • This is Timken’s 21st transaction in the United States.
  • This is Timken’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2018-07-24
Target Cone Drive Group
Sector Machinery
Buyer(s) Timken
Sellers(s) Clyde Blowers Capital
Deal Type Add-on Acquisition

Target

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.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

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 26 of 40
Sector (Machinery) 6 of 11
Type (Add-on Acquisition) 23 of 35
State (Michigan) 2 of 3
Country (United States) 21 of 28
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-05 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-27 Rollon

Milan, Italy

Rollon S.p.A. is a manufacturer of linear guide systems for industrial automation; with various applications notably in robotics, logistics, medical equipment and air or rail transport. Company developed in the field of medium precision linear guide applications, producing components or systems customised to suit the needs of more than 5,000 industrial clients. The company started expanding directly outside of Italy from 1991 and has since built a direct presence in Europe and the US.

Buy -

Seller(S) 1

SELLER

Clyde Blowers Capital

Investor Investor

Category Private Equity Firm
Founded 1999
Size Large
Type Sector Focused
DESCRIPTION

Clyde Blowers Capital is a private investment firm focused on acquiring and investing in mid-sized engineering companies that serve the energy, utility, mining, and industrial industries. The Firm will consider companies in Western Europe and North America and has a special interest in businesses with mission-critical products/services with global market potential. Clyde Blowers Capital began investing in 1999 and is headquartered in East Kilbride, Scotland.

DEAL STATS #
Overall 2 of 3
Sector (Machinery) 2 of 3
Type (Add-on Acquisition) 1 of 2
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-09 CBC Marine Engineering

United Kingdom

CBC Marine Engineering Ltd. is a manufacturer of ships for commercial purposes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-28 Hydreco Hydraulics

Poole, United Kingdom

Hydreco Hydraulics Ltd. is a designer and marketer of hydraulics products and engineered hydraulic systems while outsourcing the manufacturing to a flexible supply chain. Hydreco Hydraulics Ltd. was founded in 1997 and is based in Poole, United Kingdom.

Sell -
Mergr

Product

Company

Legal