Robotics & Automation News

Market trends and business perspectives

timken

Timken acquires automation solutions manufacturer Intelligent Machine Solutions

by Leave a Comment

The Timken Company, a maker of engineered bearings and power transmission products, has acquired Intelligent Machine Solutions, a builder of industrial robotics and automation solutions.

The addition of iMS expands and complements Timken’s Rollon linear motion product range with larger and heavy-duty applications, such as seventh-axis robotic transfer units (RTUs) and gantry systems.

iMS, which was founded in 2008, is based in Norton Shores, Michigan, in the United States. The company, which has approximately 20 employees, designs and manufactures floor-mounted, overhead, rotary and extreme seventh-axis RTUs and gantry systems used by manufacturers across industries to automate certain production processes. [Read more…] about Timken acquires automation solutions manufacturer Intelligent Machine Solutions

Timken completes acquisition of Cone Drive

by

The Timken Company, a manufacturer of engineered bearings and power transmission products, has completed its acquisition of Cone Drive, a maker of precision drives used in diverse markets including solar, automation, aerial platforms, and food and beverage.

Cone Drive is headquartered in Traverse City, Michigan, and has manufacturing operations in the United States and China. The company has a global customer base and employs approximately 500 people.

The Cone Drive business produces a broad range of highly customizable precision drive products that include Cone Drive and H-Fang branded high-torque worm gears, harmonic solutions and precision slew drives.

Financial details of the deal were not disclosed.

Timken acquires linear motion firm Rollon

by

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.

[Read more…] about Timken acquires linear motion firm Rollon

Timken to acquire precision drive company Cone Drive

by

The Timken Company, an engineered bearings and power transmission products firm, has reached an agreement to acquire Cone Drive, a specialist in precision drives used in diverse markets including solar, automation, aerial platforms and food and beverages.

Cone Drive sales are expected to be slightly above $100 million for the full year 2018. It is headquartered in Traverse City, Michigan, U.S., and has manufacturing operations in the United States and China. The company employs approximately 500 people.

The business produces a broad range of highly customisable precision drive products that include Cone Drive and H-Fang branded high-torque worm gears, harmonic solutions and precision slew drives.

[Read more…] about Timken to acquire precision drive company Cone Drive