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M&A Deal Summary

TMB Acquires TWB

On October 26, 2023, TMB acquired manufacturer TWB from Timken

Acquisition Highlights
  • This is TMB’s 1st transaction in the Manufacturing sector.
  • This is TMB’s 1st transaction in China.

M&A Deal Summary
Date 2023-10-26
Target TWB
Sector Manufacturing
Buyer(s) TMB
Sellers(s) Timken
Deal Type Divestiture

Target

TWB

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

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Buyer(S) 1

Buyer

TMB

Huzhou, China
Category Company
Founded 1987
Sector Manufacturing
DESCRIPTION

TMB is a bearing manufacturer, that produces a wide range of bearing products (?5mm-8m) including demanding applications in railway and offshore wind turbines. TMB was founded in 1987 and is based in Huzhou, China.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

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 6 of 6
Sector (Manufacturing) 2 of 2
Type (Divestiture) 4 of 4
Country (China) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-16 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-21 Lagersmit Sealing Solutions

Alblasserdam, Netherlands

Lagersmit Sealing Solutions is a manufacturer and sells shaft seals for ship screws, pumps and tidal turbines. Lagersmit Sealing Solutions was established in 1856 and is headquartered in Alblasserdam, Netherlands.

Buy -
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