Timken completed the acquisition of BEKA Lubrication for $165m.

Timken, a manufacturer of engineered bearings and power transmission products, completed the acquisition of BEKA Lubrication, a leading global supplier of automatic lubrication systems, for $165m. This acquisition positions Timken as the world's second-largest producer of industrial automatic lubrication systems, which extend equipment life and improve reliability over manual lubrication methods. "The acquisition of BEKA expands our global leadership in the highly attractive automatic lubrication systems market sector, increases our geographic scale and market coverage in Europe and Asia and will create new opportunities to serve wind and other industrial end markets more fully. We expect to realize significant synergies, margin expansion, and revenue growth opportunities through the combined Groeneveld-BEKA business," Richard G. Kyle, Timken president, and CEO.