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The Timken Company agreed to acquire BEKA Lubrication, a Pegnitz, Germany-based supplier of automatic lubrication systems, for approximately $165 million. BEKA's 2019 sales are expected to be around $135 million, and the deal is subject to German regulatory review.
“The Timken Company ... has reached an agreement to acquire BEKA Lubrication (BEKA), a leading global supplier of automatic lubrication systems, for approximately $165 million.”news.timken.com
Summarized from public sources; check the original articles before acting on it.