M&A Deal Summary

Timken Acquires Spinea

On April 29, 2022, Timken acquired machinery company Spinea

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

M&A Deal Summary

Date 2022-04-29
Target Spinea
Sector Machinery
Buyer(s) Timken
Deal Type Add-on Acquisition

Target

Spinea

Haniska, Slovakia
Spinea is a provider and manufacturer of highly engineered cycloidal reduction gears and actuators. Spinea's solutions primarily serve high-precision automation and robotics applications in the factory automation sector. Spinea was founded in 1994 and is based in Haniska, Slovakia.

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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 32 of 40
Sector: Machinery M&A 10 of 11
Type: Add-on Acquisition M&A Deals 28 of 35
Country: Slovakia M&A 1 of 1
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-20 Rollon-iMS

Norton Shores, Michigan, United States

Rollon-iMS is a designer and manufacturer of standard and custom machinery, primarily for the automation industry and across many applications. Rollon-iMS was founded in 2008 and is based in Norton Shores, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 GGB

Suzhou, China

GGB is a technology and market provider of premium engineered metal-polymer plain bearings with expertise in material science, surface engineering, and tribology. With manufacturing facilities across the United States, Europe, and China. GGB was founded in 1899 and is based in Suzhou, China.

Buy $305M