Deal snapshot: Timken to Acquire Engineered Solutions Group to Enhance Engineered Bearings Portfolio.
MANews-(C)2009-2023
US-based engineered bearings and industrial motion products provider The Timken Company (NYSE: TKR) has agreed to acquire Texas-based Engineered Solutions Group (a.k.a. Innovative Mechanical Solutions or iMECH) to expand engineered bearings portfolio, the company said.
Terms of the transaction were not disclosed. Timken will fund the...
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