NORTH
CANTON, Ohio, April 4,
2023 /PRNewswire/ -- The Timken Company (NYSE:
TKR; www.timken.com), a global leader in engineered bearings and
industrial motion products, has completed its previously announced
acquisition of Nadella Group, a leading European manufacturer of
linear guides, telescopic rails, actuators and systems and other
specialized industrial motion solutions.
Based in Italy, Nadella has 450
employees and operates manufacturing facilities in Europe and China. The company posted revenue of
approximately €100 million in 2022.
In 2018, Timken added linear motion products to its portfolio
when it acquired Rollon, a leader in engineered linear guides,
telescopic rails, actuators and systems, serving robotics,
automation, logistics and other attractive market sectors. Nadella
will further Timken's strategy to expand and scale its leading
industrial motion product portfolio.
About The Timken Company
The Timken Company (NYSE:
TKR; www.timken.com) designs a growing portfolio of
engineered bearings and industrial motion products. With more than
a century of knowledge and innovation, we continuously improve the
reliability and efficiency of global machinery and equipment to
move the world forward. Timken posted $4.5 billion in sales in 2022 and employs more
than 19,000 people globally, operating from 46 countries. Timken
has been recognized among America's Most Responsible
Companies by Newsweek, the World's Most Ethical
Companies® by Ethisphere, America's Most Innovative
Companies by Fortune and America's Best Large Employers, Best
Employers for New Graduates and Best Employers for Women by
Forbes.
Media Relations:
Scott Schroeder
234.262.6420
scott.schroeder@timken.com
Investor Relations:
Neil Frohnapple
234.262.2310
neil.frohnapple@timken.com
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SOURCE The Timken Company