The Timken Company, a specialist in engineered bearings and power transmission products, has reached an agreement with pan-European firm Chequers Capital and IGI Private Equity to acquire Rollon Group.
Rollon specialises in the design and manufacture of linear guides, telescopic rails and linear actuators used in a wide range of industries such as passenger rail, aerospace, packaging and logistics, medical and automation. Rollon sales are expected to be about $140 million for the full year 2018.
Headquartered near Milan, Italy, Rollon has manufacturing operations in Italy, Germany and the United States. Rollon employs approximately 600 people and has an extensive sales and engineering network around the world to serve its global customer base.
Rollon’s leading linear motion product line complements other Timken brands including Timken, Philadelphia Gear, Groeneveld, Drives and Lovejoy. With this acquisition,
Timken expects the acquisition to be accretive to earnings in the first year of ownership. The transaction, which is subject to customary regulatory approvals, is expected to close in late September 2018 and will be funded with debt.