Timken Expands Linear Motion Offerings with Rosa Sistemi Acquisition, Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
The Timken Company (TKR) has acquired Rosa Sistemi S.p.A., a European manufacturer of roller guideways, linear bearings, and other industrial motion products. Rosa Sistemi is expected to generate around $15 million in revenue in 2023.
October 02, 2023 | 10:52 am
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Timken's acquisition of Rosa Sistemi could potentially boost its revenue and expand its product offerings in the industrial motion sector.
The acquisition of Rosa Sistemi by Timken is expected to generate around $15 million in revenue in 2023, which could positively impact Timken's financial performance. Additionally, the acquisition expands Timken's product offerings in the industrial motion sector, potentially increasing its market share.
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