Timken to acquire Groeneveld Group for $280M

The Timken Company has agreed to acquire Groeneveld Group, a provider of automatic lubrication solutions, for approximately $280 million. The transaction is expected to close in early July 2017.

“The Timken Company today announced that it has reached an agreement to acquire Groeneveld Group, a leading provider of automatic lubrication solutions used in on- and off-highway applications, for approximately $280 million.”news.timken.com

• 1 source
• news.timken.comTimken to Acquire Groeneveld Group, Enhancing its Lubrication Systems Platform - Jun 27, 2017Jun 27, 2017

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