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Announced

Completed

Timken completed the acquisition of Nadella Group from ICG.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Diversified Industrials

Italy

Friendly

Private Equity

Private

Single Bidder

Acquisition

Cross Border

Completed

linear guides

industrial motion systems

telescopic rails

Synopsis

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Timken, a global industrial company, completed the acquisition of Nadella Group, a manufacturer of linear guides, telescopic rails, actuators and systems and other specialized industrial motion solutions, from ICG, an asset management and private equity firm. Financial terms were not disclosed. "Nadella will complement and scale our linear motion product portfolio and deliver strong synergies with our Rollon business. Nadella's differentiated solutions are custom engineered for premium applications in attractive and growing market sectors, including medical, food and beverage, packaging and automation. We also see significant growth opportunities for Nadella products in North America as part of Timken," Christopher A. Coughlin, Timken Executive Vice President.

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