Timken India to acquire ABC Bearings in India via merger

Timken India Ltd., a majority-owned subsidiary of The Timken Company, agreed to merge with ABC Bearings Ltd., a maker of tapered, cylindrical and spherical roller bearings based in Mumbai with plants in Bharuch and Dehradun, in a share-based deal subject to Indian approvals.

“The Timken Company ... today announced that its majority-owned subsidiary, Timken India Ltd., has entered into a definitive agreement to acquire ABC Bearings Ltd.”news.timken.com

• 1 source
• news.timken.comTimken to Acquire ABC Bearings Ltd., Further Expanding Its Global Reach - Jul 5, 2017Jul 5, 2017

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