The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and power transmission products, today announced that on Sept. 1, 2018 it completed the previously announced acquisition of Cone Drive, a leader in precision drives used in diverse markets including solar, automation, aerial platforms, and food and beverage. About The Timken Company The Timken Company (NYSE:…
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Timken Completes Acquisition of Cone Drive
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Timken to Acquire Cone Drive
Read MoreCone Drive is pleased to share some exciting news with you. The Timken Company has announced their intention to purchase Cone Drive in its entirety. The acquisition will also include Cone Drive’s H-Fang subsidiary, located in Jiangyin, China. The acquisition is expected to be finalized in August, 2018, pending regulatory approvals. Cone Drive has been…