Timken Completes Spinea Acquisition - Modern Distribution Management

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Timken Completes Spinea Acquisition

The bearings and power transmission company says it finalized its deal with the and manufacturer of cycloidal reduction gears and actuators.
Timken Completes Acquisition

Ohio-based The Timken Company (NYSE: TKR), an industrial leader in engineered bearings and power transmission products, announced it has completed its acquisition of Spinea, a European technology leader and manufacturer of highly engineered cycloidal reduction gears and actuators.

Financial terms were not disclosed, though Timken said Spinea sales are expected to be around $40 million for the full year 2022. Spinea is located in Presov, Slovakia.

“Spinea will further scale Timken‘s position in automation, which was the company’s second-largest market after renewable energy in 2021,” Timken said in a statement.

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