Timken to acquire Cone Drive for over $100M in sales

The Timken Company has reached an agreement to acquire Cone Drive, a leader in precision drives for solar, automation, and other markets. Cone Drive's 2018 sales are expected to be slightly above $100 million. The transaction is expected to close near the end of August 2018.

“The acquisition of Cone Drive will deepen Timken's position in attractive, high-growth end markets such as solar and increase our power transmission presence in China.”news.timken.com

• 5 sources
• news.timken.comTimken to Acquire Cone Drive, a Leader in Precision Drives Serving Attractive Markets - Jul 24, 2018Jul 24, 2018
• news.timken.comTimken to Expand Portfolio With Acquisition of Rollon, a Leader in Linear Motion - Jul 27, 2018Jul 27, 2018
• powertransmission.comTimken Reaches Agreement to Acquire Cone DriveAug 2, 2018
• news.timken.comTimken Completes Acquisition of Cone Drive - Sep 4, 2018Sep 4, 2018
• powertransmission.comTimken Completes Cone Drive AcquisitionSep 7, 2018

Summarized from public sources; check the original articles before acting on it.