Timken to acquire Engineered Solutions Group19 October 2023
Timken is to expand its engineering bearings portfolio through the acquisition of Engineered Solutions Group (Innovative Mechanical Solutions) in Houston, Texas.
Innovative Mechanical Solutions – also known as iMech – manufactures thrust bearings, radial bearings, specialty coatings and other components primarily used in the energy industry.
Andreas Roellgen, executive vice president and president of Engineered Bearings at Timken, said: "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.”
The deal is expected to close in the fourth quarter.
Timken ILS Ltd
This material is protected by MA Business copyright
See Terms and Conditions.
One-off usage is permitted but bulk copying is not.
For multiple copies
contact the sales team.