Timken Co. (TKR) - NYSE
  • Oct. 6, 2015, 8:39 AM
    • Kaman (NYSE:KAMN) has agreed to acquire Timken (NYSE:TKR) Alcor Aerospace Technologies, a supplier of aftermarket aerospace parts.
    • The organization will become part of Kaman's Specialty Bearings & Engineered Products division.
    | Oct. 6, 2015, 8:39 AM
  • Sep. 1, 2015, 8:54 AM
    • Timken (NYSE:TKR) has completed its previously announced transaction with American Industrial Partners to acquire the Carlstar Belts Business.
    • The company expects the transaction to be accretive over the balance of 2015. For the 12 months ending June 30, 2015, Carlstar Belt sales were approximately $140M.
    | Sep. 1, 2015, 8:54 AM
  • Nov. 18, 2014, 8:23 AM
    • Timken (NYSE:TKR) has reached an agreement with ERIKS to acquire Revolvo, a maker of ball and roller bearings for industrial applications in process and heavy industries.
    • Revolvo posted sales of approximately $8.3M in 2013.
    | Nov. 18, 2014, 8:23 AM
  • Oct. 16, 2014, 3:17 PM
    • Timken (TKR -0.2%), Regal Beloit (RBC +0.9%) and Altra Industrial Motion (AIMC +0.6%) have made it to the second round of bidding in the auction for Emerson Electric's (EMR +2%) power transmission solutions business, Reuters reports.
    • P-E firms Warburg Pincus and Onex also are said to be in the running for the unit, which is expected to fetch $1.2B-$1.6B in a sale.
    | Oct. 16, 2014, 3:17 PM
  • Sep. 5, 2013, 4:19 PM
    • Timken (TKR) announces plans to separate its steel business from its bearings and power transmission business through a spinoff, creating two publicly traded companies
    • The spinoff is expected to be completed within 12 months.
    • Ward J. Timken, Jr. will serve as chairman and CEO of the new steel company with estimated annual revenue of approximately $1.7B.
    • Richard G. Kyle will become president and CEO of the global bearings and power transmission business, with estimated annual revenue of approximately $3.4B.
    • Shares +6.3% AH.
    | Sep. 5, 2013, 4:19 PM
  • Apr. 12, 2013, 9:44 AM

    Timken (TKR -0.7%) acquires electric motor repair outfit Smith Services for an undisclosed sum. Smith had sales of $17M last year. TKR says the purchase adds "additional industrial service capabilities." Meanwhile, Relational Investors and CalSTRS say a proposal to spinoff TKR's steel business poses no downside risks and is in fact not binding which is why, they say, shareholders should vote 'yes.' 

    | Apr. 12, 2013, 9:44 AM
  • Oct. 3, 2011, 6:40 PM

    Timken (TKR) completes its $92M acquisition of Drives LLC, a manufacturer of highly engineered drive-chains, roller-chains and conveyor augers for mobile and industrial machinery. Shares +5% AH.

    | Oct. 3, 2011, 6:40 PM | 1 Comment
  • Aug. 31, 2011, 10:54 AM

    Timken (TKR +7.4%) acquires Drives LLC, a maker of highly engineered drive chains and augers, for $92m in cash, furthering its efforts to build up its power-transmission line of business.

    | Aug. 31, 2011, 10:54 AM
  • May 27, 2011, 12:39 PM

    Timken (TKR +3.1%) gaining after announcing that it will acquire the assets of Philadelphia Gear for $200M. It's part of an effort by Timken to target greater penetration into the growing energy and infrastructure sectors. (PR)

    | May 27, 2011, 12:39 PM
Company Description
The Timken Co. engineers, manufactures and markets bearings, transmissions, gearboxes, chain and related products and offers a spectrum of power system rebuild and repair services. Its product and services portfolio features industrial brands, such as Timken, Fafnir, Philadelphia Gear, Drives... More
Industry: Machine Tools & Accessories
Country: United States