Advertisement
Timken Acquires Lagersmit For Undisclosed Terms
(RTTNews) - The Timken Co. (TKR) announced Thursday it has acquired Lagersmit, a Netherlands-based manufacturer of highly engineered sealing solutions for demanding marine, dredging, water, tidal energy and other industrial applications.
The Lagersmit business is expected to generate around $40 million in revenue in calendar year 2023. The results for the business will be included in Timken's Industrial Motion segment.
Timken funded the transaction with cash on hand and its existing revolving credit facility. Other terms of the transaction were not disclosed.
read more
Timken To Acquire Engineered Solutions Group For Undisclosed Terms
The Timken Co. (TKR) on Monday reached an agreement to acquire Engineered Solutions Group (a.k.a. Innovative Mechanical Solutions or iMECH), based in Houston, Texas. The terms of the deal were not disclosed.
RTTNews
|
hace 681
Timken Acquires Des-Case For Undisclosed Terms
The Timken Co. (TKR) announced Tuesday it has acquired Nashville, Tennessee-based Des-Case Corp., a manufacturer of specialty filtration products for industrial lubricants. Terms of the deal were not disclosed.
RTTNews
|
hace 722
Timken Guides FY23 In Line With View; Q4 Adj. EPS Tops Estimates
While reporting financial results for the fourth quarter on Monday, Timken Co. (TKR) initiated its earnings, adjusted earnings and revenue growth guidance for the full-year 2023.
RTTNews
|
hace 933
European Stocks Close On Mixed Note
European stocks turned in a mixed performance on Wednesday as investors largely stayed cautious, looking ahead to chipmaker Nvidia's quarterly earnings announcement, and continuing to assess the political situation in France.
RTTNews
|
hace 1h 54min
Euro Falls Amid Political Uncertainty
The euro weakened against other major currencies in the European session on Wednesday, as trader's concern about the collapse of France's government.
RTTNews
|
hace 6h 10min
Bay Street Likely To Open On Positive Note
Canadian shares are likely to open on a positive note on Wednesday, riding on strong earnings from Royal Bank of Canada and National Bank of Canada. Weak commodity prices and concerns on the geopolitical and tariffs front may weigh limit market's upside.
RTTNews
|
hace 6h 35min
European Stocks Turning In Mixed Performance
European stocks are turning in a mixed performance on Wednesday as political uncertainty in France, and a lack of any significant positive triggers render the mood cautious. Investors are also awaiting earnings updates from AI major NVIDIA.
RTTNews
|
hace 7h 2min
FTSE 100 Flat In Lackluster Trade; Bank Stocks Drifting Lower
U.K. stocks are somewhat subdued in lackluster trade on Wednesday as investors remain a bit reluctant to make significant moves due to a lack of triggers.
The benchmark FTSE 100 was at 9,266.25 a little before noon, up 0.45 points over previous close.
RTTNews
|
hace 7h 51min
