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Announced

Completed

The Timken Company completed the acquisition of Engineered Solutions Group.

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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Single Bidder

Acquisition

Domestic

Majority

Private

United States

innovative mechanical solutions

Diversified Engineering Procurement Construction (EPC)

Friendly

Completed

Synopsis

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The Timken Company, a global company in engineered bearings and industrial motion products, completed the acquisition of Engineered Solutions Group, an integrated design, engineering, construction, and maintenance company. Financial terms were not disclosed. "The acquisition of iMECH allows us to build on our global leadership in engineered bearings by increasing our product breadth and providing exciting cross-selling opportunities," Andreas Roellgen, Timken Executive Vice President and President of Engineered Bearings.

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