# 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.

- Type: Acquisition
- Announced: 2017-06-27
- Where: Gorinchem, Netherlands, Netherlands
- Value: $280.0M
- Status: announced
- Products: automatic lubrication systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Timken](https://endata.com/companies/1700.md) (acquirer)
- [Groeneveld Group](https://endata.com/companies/25178.md) (target)

## Sources

- [news.timken.com](https://news.timken.com/2017-06-27-Timken-to-Acquire-Groeneveld-Group-Enhancing-its-Lubrication-Systems-Platform), 2017-06-27: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.