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
|
Pred 731 dňami
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
|
Pred 772 dňami
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
|
Pred 983 dňami
CAC Rises After Government Survives No-confidence Votes
French stocks are up in positive territory on Thursday, lifting the benchmark CAC 40 to an eight-month high, as the mood remains firm following the French government surviving no-confidence votes.
RTTNews
|
Pred 16 minútami
Sensex, Nifty Rally On Trade Talk Optimism
Indian shares rallied on Thursday after reports suggested that talks on a bilateral trade agreement between India and the United States have picked up pace.
RTTNews
|
Pred 45 minútami
Pound Rises On Upbeat UK GDP Data
The British pound strengthened against other major currencies in the European session on Thursday, after the UK economy expanded slightly as expected in August on the back of the production sector.
RTTNews
|
Pred 50 minútami
DAX Down Slightly; Sartorius Soars 10% On Strong Sales Forecast
German stocks are turning in a mixed performance on Thursday as investors largely stay cautious amid a lack of fresh data, and await earnings updates and continue to monitor political developments in France.
RTTNews
|
Pred 1 h 8 min
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews
|
Pred 1 h 20 min
