The Timken Company is to acquire the assets of UK firm Revolvo Ltd, a company that makes and markets ball and roller bearings for industrial applications in process and heavy industries including mining, cement and pulp and paper, among others. Revolvo posted sales of approximately US$8.3 million in 2013.
The acquisition is a continuation of Timken’s growth strategy as it fills out its product and service offerings.
"We're pleased to have Revolvo become part of Timken," said Hans Landin, product line executive, power transmission and engineering systems for Timken. "The Revolvo team brings a wealth of experience and well-established customer relationships, and their split roller bearing housed unit line will strengthen the Timken portfolio of bearing and power transmission products.
"Revolvo's expertise and quality product line, coupled with Timken's global reach and market access, will allow us to leverage resources to improve competitiveness and accelerate the growth of housed unit products, particularly in Europe and Asia," he added.
Revolvo's line of split-to-the-shaft roller bearing housed units enables the bearing to be fitted without requiring access to the shaft ends. Instead, it can be built around the shaft, which reduces downtime because no other drive components must be removed during installation or for maintenance. The product design accommodates misalignment, helps extend uptime, reduces maintenance costs and increases plant efficiency for end users.
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/the-americas/19112014/timken-to-expand-its-bearings-line-with-revolvo-acquisition-886/