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Timken expands portfolio with Rollon acquisition
The Timken Company has reached an agreement to acquire Rollon Group. A leader in engineered linear motion products, Rollon specialises in the design and manufacture of linear guides, telescopic rails and linear actuators used in a wide range of industries such as passenger rail, aerospace, packaging and logistics, medical and automation.
“The acquisition of Rollon will further expand the Timken portfolio of leading industrial brands, allowing us to serve existing and new customers in attractive, high-growth end markets around the world,” said Richard Kyle, Timken president and chief executive officer.
“Like Timken, Rollon is an expert in motion technology and is recognised for developing customised linear motion products for their customers’ application challenges. With its proven operating model and value proposition, Rollon will open up exciting new growth opportunities for the company.”
Headquartered near Milan, Italy, Rollon has manufacturing operations in Italy, Germany and the United States. Rollon employs approximately 600 people and boasts an extensive sales and engineering network around the world to serve its global customer base.
Rollon’s leading linear motion product line complements other Timken brands including Timken, Philadelphia Gear, Groeneveld, Drives and Lovejoy. With this acquisition, Timken continues its strategy to diversify its portfolio with products and services that also include bearings, gear drives, chain, belts, couplings, automated lubrication systems, industrial clutches and brakes, and a variety of related industrial services.
Timken expects the acquisition to be accretive to earnings in the first year of ownership. The transaction, which is subject to customary regulatory approvals, is expected to close in late September 2018 and will be funded with debt.
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