On November 1, 2019, Timken finalized the acquisition of BEKA Lubrication for approximately $165 million. Timken, a global supplier of engineered bearings and power transmission products as well as provider of industrial services, continues the expansion of its portfolio of industrial products to cater to all industrial sectors.
Strategically positioned in the market, BEKA Lubrication supplies automatic lubrication systems that not only improve reliability when compared to manual lubrication, but also lengthen the equipment service life. This significantly reduces, therefore, the maintenance cost for the plant facility.
Moreover, automatic lubrication systems are more sustainable and control better the environmental impact of overlubrication. In 2019, BEKA is projected to accrue approximately $135 millions in sales.