# Timken to acquire Spinea, expanding robotics and automation offering

The Timken Company has agreed to acquire Spinea, a European manufacturer of cycloidal reduction gears and actuators for high-precision automation and robotics. The transaction is expected to close in several weeks.

- Type: Acquisition
- Announced: 2022-04-29
- Where: Presov, Slovakia, Slovakia
- Value: $152.0M
- Status: announced
- Products: cycloidal reduction gears, actuators
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Timken](https://endata.com/companies/1700.md) (acquirer)
- [Spinea](https://endata.com/companies/33259.md) (target)
- [SPINEA, s.r.o.](https://endata.com/companies/63145.md) (target)
- [KIMEX Group, s.r.o.](https://endata.com/companies/63146.md) (partner)

## Sources

- [news.timken.com](https://news.timken.com/2022-04-29-Timken-to-Acquire-Spinea,-Expanding-Its-Robotics-and-Automation-Offering-in-Attractive-and-Growing-End-Market-Sectors), 2022-04-29: "Spinea's well-established position in highly demanding robotics applications will increase our presence in the growing automation space."
- [prnewswire.com](https://www.prnewswire.com/news-releases/timken-to-acquire-spinea-expanding-its-robotics-and-automation-offering-in-attractive-and-growing-end-market-sectors-301536179.html), 2022-04-29: "Spinea's well-established position in highly demanding robotics applications will increase our presence in the growing automation space."
- [drivesncontrols.com](https://drivesncontrols.com/timken-buys-spinea-to-boost-robotics-and-automation-portfolio/), 2022-05-03: "The US bearings and power transmission manufacturer The Timken Company is buying the Slovakian company Spinea, which manufactures cycloidal reduction gears and actuators aimed at precision automation and robotics applications."
- [spinea.com](https://spinea.com/en/article/spinea-executes-acquisition-agreement-with-timken-%E2%80%93-a-global-leader-in-engineered-bearings-and-power-transmission-), 2022-05-05: "We are delighted that we have been able to link SPINEA's future with TIMKEN, a world leader in the industries close to our business."
- [marketscreener.com](https://www.marketscreener.com/quote/stock/THE-TIMKEN-COMPANY-14605/news/The-Timken-Company-completed-the-acquisition-of-SPINEA-s-r-o-from-KIMEX-Group-s-r-o-40607550/), 2022-05-30: "The Timken Company completed the acquisition of SPINEA, s.r.o. from KIMEX Group, s.r.o. for approximately $152 million on May 31, 2022."

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