The Timken Company, a global leader in engineered bearings and power transmission products, has completed its previously announced acquisition of BEKA Lubrication (BEKA), a leading global supplier of automatic lubrication systems, for approximately USD165 million.
Founded in 1927, BEKA is a leading global supplier of automatic lubrication systems, serving a diverse range of industrial sectors including wind, food and beverage, rail, on- and off-highway and other process industries. BEKA sales are expected to be approximately USD135 million for the full year of 2019.
This acquisition positions Timken as the world’s second largest producer of industrial automatic lubrication systems, which extend equipment life and improve reliability over manual lubrication methods, reduce the environmental impact caused by over-lubricating and lower the total costs for equipment and machine owners.
The Timken Company (NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and power transmission products. Timken posted USD3.6 billion in sales in 2018 and employs more than 18,000 people globally, operating from 35 countries.