Timken to Acquire BEKA Lubrication
February 1, 2020
The Timken Company has reached an agreement to acquire BEKA Lubrication (BEKA), a global supplier of automatic lubrication systems. The company serves a diverse range of industrial sectors including wind, food and beverage, rail, on- and off-highway and other process industries.
"The acquisition of BEKA expands our global leadership in the highly attractive automatic lubrication systems market sector, increases our geographic scale and market coverage in Europe and Asia and will create new opportunities to serve wind and other industrial end markets more fully," said Richard G. Kyle, Timken President and CEO. "BEKA is a premier brand and technical leader, and like our Groeneveld business, offers automatic and central lubrication systems that reduce operating costs and extend equipment life. We expect to realize significant synergies, margin expansion and revenue growth opportunities through the combined Groeneveld-BEKA business."
Family owned and operated since its founding in 1927, BEKA is headquartered in Pegnitz, Germany. The company employs approximately 900 people, with manufacturing, R&D based in Germany and assembly facilities and sales offices around the world.
"Timken first entered the automatic lubrication market in 2013 with the acquisition of Interlube and then significantly expanded its portfolio and global reach through the acquisition of Groeneveld in 2017," said a Timken spokesperson. "With the acquisition of BEKA, Timken will become the world's second largest producer of industrial automatic lubrication systems, which displace manual lubrication methods to improve equipment life and reliability, while reducing the total cost of ownership."
For more information contact:
The Timken Company
4500 Mount Pleasant St NW
North Canton, OH 44720
234-262-3000
www.timken.com
BEKAWORLD, LP
258 Sonwil Drive
Buffalo, NY 14225
716-685-3717
www.bekaworld.us
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