M&A Deal Summary

Timken Acquires EXTEX

On November 3, 2008, Timken acquired aerospace company EXTEX

Acquisition Highlights
  • This is Timken’s 5th transaction in the Aerospace sector.
  • This is Timken’s 9th transaction in the United States.
  • This is Timken’s 3rd transaction in Arizona.

M&A Deal Summary
Date 2008-11-03
Target EXTEX
Sector Aerospace
Buyer(s) Timken
Deal Type Add-on Acquisition
Advisor(s) Piper Jaffray Companies (Financial)

Target

EXTEX

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

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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 9 of 40
Sector (Aerospace) 5 of 5
Type (Add-on Acquisition) 9 of 35
State (Arizona) 3 of 3
Country (United States) 9 of 28
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-22 Boring Specialties

Houston, Texas, United States

Boring Specialties Inc. is a provider of a wide range of precision deep-hole oil and gas drilling and extraction products and services. Boring Specialties Inc. was formed in 1972 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-29 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.

Sell $330M
Mergr

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