Timken Expands Linear Motion Offerings with Rosa Sistemi Acquisition
The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, has acquired Rosa Sistemi S.p.A., a European designer and manufacturer of roller guideways, linear bearings, customized linear systems and actuators, commercialized ball guideways and precision ball screws. The company serves customers across diverse end markets, including automation and machine tool.
"Rosa Sistemi's roller guides and customized actuators are highly complementary product lines to our Rollon, Nadella and Intelligent Machine Solutions (iMS) linear motion product offerings," said Christopher Coughlin, Timken executive vice president and president of Industrial Motion. "This acquisition provides attractive operational synergies and geographical expansion opportunities to scale and grow the business leveraging our global footprint."
Timken entered the linear motion space in 2018 with the acquisition of Rollon, a leader in linear guides, telescopic rails, and linear actuators and systems used in a wide range of industrial and commercial applications. To further expand and strengthen its position in the attractive linear motion space, Timken acquired iMS in 2021 and, earlier this year, added Nadella's complementary product portfolio.
Rosa Sistemi is expected to generate around $15 million in revenue in calendar year 2023. The company employs approximately 65 people and has its headquarters, R&D and high-precision manufacturing facility in Milan, Italy.
Timken funded the transaction with cash on hand.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next NSK’s Active Caster – A Step Toward a Marvelous World of Robots
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
