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Groeneveld

Address 8450 Lawson Road, Unit #5, Milton, ON, L9T 0J8, CA
Tel 905-875-1017
Fax 905-875-2125
Toll free 1-800-263-1760
Website groeneveld-group.com
Website cplsystems.com

Related Articles (1)

Timken to Acquire Groeneveld Group, Enhancing its Lubrication Systems Platform

The Timken Company hasy announced that it has reached an agreement to acquire Groeneveld Group, a provider of automatic lubrication solutions used in on- and off-highway applications, for approximately $280 million. For the 12 months ending May 31, 2017, Groeneveld Group sales were approximately $105 million. The transaction is expected to be accretive to adjusted earnings per share in 2017.  Additionally, Groeneveld Group has a strong margin profile, which is expected to be accretive to Timken's EBITDA margin and to be further enhanced as a result of synergies.