The new facility will provide an increase in hydraulic manufacturing, maintenance and inventory services to businesses in the Northeast.
Latest In Power Transmission/Motion Control
Applied continued its investment in the automation industry with its fourth acquisition in that market since 2019.
The acquisition comes roughly a year after the merger between Regal Beloit and Rexnord Corp.
It expands Valin’s process control and fluid handling portfolio in Southern California and Nevada.
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The company is investing $34 million into a new facility that will house its headquarters and distribution operations.
The lab was built to centralize the company's test rigs and bring together the research and product development teams.
The deal comes after IR’s $3.59B offer to buy SPX outright was rejected in July 2021.
The new website unites the legacy of recently-acquired automation intelligence and comes seven months after MotionAi was launched.
The new facility, located in Queretaro, will focus on exports to the U.S. and Canada.
It adds approximately $200 million in revenue and 900 employees to Timken.
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PTDA Foundation survey finds more than three-quarters of respondents have had more trouble hiring this year than in the past.
