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The Timken Company

Address 4500 Mount Pleasant St NW, North Canton, OH, 44720, US
Phone: (234) 262-3000
Website timken.com
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Related Articles

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.

Timken Invests to Serve Canadian Energy Market Sector

The Timken Company, has expanded its service offering at Standard Machine in Saskatoon to include Philadelphia Gear brand high-speed gearbox repair capabilities and Timken bearing remanufacturing services. End users in the energy sector particularly value expertise and rapid response from trusted suppliers that help keep their equipment running.