Timken is to expand its engineering bearings portfolio through the acquisition of Engineered Solutions Group (Innovative Mechanical Solutions) in Houston, Texas.
Innovative Mechanical Solutions – also known as iMech – manufactures thrust bearings, radial bearings, specialty coatings and other components primarily used in the energy industry.
Andreas Roellgen, executive vice president and president of Engineered Bearings at Timken, said: "The acquisition of iMech allows us to build on our global leadership in engineered bearings by increasing our product breadth and providing exciting cross-selling opportunities.”
The deal is expected to close in the fourth quarter.
