Timken Completes Acquisition of Engineered Solutions Group (iMECH)

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The Timken Company has completed its acquisition of Engineered Solutions Group (iMECH), a manufacturer of bearings and components for the energy industry. iMECH employs around 70 people and projects revenue of $30 million for 2023.

NORTH CANTON, Ohio, Nov. 1, 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 Engineered Solutions Group (a.k.a. Innovative Mechanical Solutions or iMECH).

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 $30 million for calendar year 2023.  

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

FAQ

What is the Timken Company?

The Timken Company is a global leader in engineered bearings and industrial motion products.

What did the Timken Company acquire?

The Timken Company acquired Engineered Solutions Group (iMECH), a manufacturer of thrust bearings, radial bearings, specialty coatings, and other components primarily used in the energy industry.

How many people does iMECH employ?

iMECH employs approximately 70 people.

What is the projected revenue for iMECH in 2023?

iMECH projects revenue of around $30 million for calendar year 2023.