Timken completed the acquisition of Nadella Group from ICG.

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.