Timken Completes Acquisition of Engineered Solutions Group

Release Time：02 Nov,2023

<p style="text-align: center;"><img src="/ueditor/php/upload/image/20231102/1698936260127907.png" title="1698936260127907.png" alt="4.png"/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">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 Engineered Solutions Group (a.k.a. Innovative Mechanical Solutions or iMECH).</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">iMECH manufactures thrust bearings, radial bearings, specialty coatings and other components primarily used in the energy industry. The business employs approximately 70 people and projects revenue of around&nbsp;$30 million&nbsp;for calendar year 2023.&nbsp;&nbsp;</span></p><p><br/></p>