Timken adds PT Tech to mechanical power transmission portfolio
May 08, 2017
Electrical Equipment | Sharon Center, OH | Corporate Acquisition
Timken (NYSE: TKR), a maker of bearings and mechanical power transmission products, has acquired PT Tech, a manufacturer of engineered clutches, brakes and other torque management devices. The deal will allow the acquirer to grow its portfolio of mechanical power transmission products to complement its current offerings in engineered bearings.