Mergers & Acquisitions
By The Online Investor Staff, updated Fri., Feb. 3, 12:02 PM
| This Slide: #43 of 100 |
Slide #43. The Timken Company — Nadella Group
Acquirer:
The Timken Company (NYSE:TKR)
Acquiree:
Nadella Group
Details:
The Timken Company (NYSE: TKR;0x202Fwww.timken.com), a global industrial leader in engineered bearings and industrial motion products, has reached an agreement to acquire Nadella Group, a leading European manufacturer of linear guides, telescopic rails, actuators and systems and other specialized industrial motion solutions, from ICG plc. Nadella posted revenue of approximately 100 million in 2022. The business has 450 employees and operates manufacturing facilities in Europe and China. The transaction is subject to regulatory approvals.
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.
 
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Strong Buy (3.50 out of 4) 54th percentile
(ranked higher than approx. 54% of all stocks covered)
Analysts' Target Price: TKR Stock Forecast Based on Zacks ABR data; powered by Xignite |
