M&A Deal Summary

Timken Acquires Engineered Solutions Group

On October 16, 2023, Timken acquired manufacturer Engineered Solutions Group

Acquisition Highlights
  • This is Timken’s 17th transaction in the Manufacturing sector.
  • This is Timken’s 27th transaction in the United States.
  • This is Timken’s 2nd transaction in Texas.

M&A Deal Summary
Date 2023-10-16
Target Engineered Solutions Group
Sector Manufacturing
Buyer(s) Timken
Deal Type Add-on Acquisition

Target

Engineered Solutions Group

Houston, Texas, United States
Engineered Solutions Group manufactures thrust bearings, radial bearings, specialty coatings and other components primarily used in the energy industry. Engineered Solutions Group is based in Houston, Texas.

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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 38 of 40
Sector (Manufacturing) 17 of 18
Type (Add-on Acquisition) 33 of 35
State (Texas) 2 of 2
Country (United States) 27 of 28
Year (2023) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 Rosa Sistemi

Legnano, Italy

Rosa Sistemi is a designer and manufacturer of roller guideways, linear bearings, customized linear systems and actuators, commercialized ball guideways, and precision ball screws. The company serves customers across diverse end markets, including automation and machine tools. Rosa Sistemi was formed in 1978 and is based in Legnano, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-26 TWB

China

TWB manufactures roller bearings for elevators, construction equipment and other general industry applications that are sold under the TWB brand.

Sell -
Mergr

Product

Company

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