Timken completed the acquisition of Spinea.

Timken, a global manufacturer of bearings and power transmission products, completed the acquisition of Spinea, a modern engineering company, engaged in the development, manufacturing and sales of high-precision reduction gears. Financial terms are not disclosed. "Spinea's well-established position in highly demanding robotics applications will increase our presence in the growing automation space. Spinea brings an exciting new product line with differentiated technology and state-of-the-art manufacturing to Timken. We plan to leverage our global capabilities to scale the business and introduce Spinea's next-generation solutions to customers around the world," Richard G. Kyle, Timken President and CEO.