Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 8:21 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #8. The Timken Company — Schulz Group
Acquirer:
The Timken Company (NYSE:TKR)
Acquiree:
Schulz Group
Details:
The Timken Company (NYSE: TKR; www.timken.com) today announced the further expansion of its industrial services capabilities with the acquisition of assets from the Schulz Group, based in New Haven, Conn.
Timken designs and manages a portfolio of engineered bearings and power transmission products and services. Co.'s portfolio features several brands, including Timken®, Philadelphia Gear®, Drives®, Cone Drive®, Rollon®, Lovejoy®, Diamond®, BEKA® and Groeneveld®. Co. sells products and services to various customer base globally, including customers in the following market sectors: industrial distribution, automotive, aerospace, rail, renewable energy, agriculture/turf, on-highway aftermarket, mining, construction, heavy truck, metals, fossil fuels, and marine. Co. manufactures and manages supply chains for various product lines including engineered bearings and power transmission products.
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Avg. Broker Rec.
 
|
Strong Buy (3.56 out of 4) 59th percentile
(ranked higher than approx. 59% of all stocks covered)
Analysts' Target Price: TKR Stock Forecast Based on Zacks ABR data; powered by Xignite |
