Timken acquires Lagersmit from Anders Invest
December 2023 — The Timken Company (NYSE:TKR), a US-based global leader in engineered bearings and industrial motion products, has acquired Lagersmit, a Netherlands-based manufacturer of highly engineered sealing solutions for demanding marine, dredging, water, tidal energy and other industrial applications.
The Timken Company designs a growing portfolio of engineered bearings and industrial motion products. With more than a century of knowledge and innovation, The Timken Company continuously improves the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted US$ 4.5 billion in sales in 2022 and employs more than 19,000 people globally, operating from 46 countries.
“Lagersmit adds engineered sealing products to our portfolio and strengthens our presence in the attractive marine market,” said Christopher Coughlin, executive vice president at The Timken Company and president of Industrial Motion. “The business serves leading propulsion manufacturers, ship owners, pump makers and other industrial customers around the globe that require advanced sealing systems. Lagersmit is a high-quality brand with premium products that are highly complementary to our existing portfolio.”
Lagersmit is a manufacturer of highly engineered sealing solutions for demanding marine, dredging, water, tidal energy and other industrial applications. Lagersmit was founded in 1856 and employs approximately 90 people. The business is expected to generate revenues of approximately US$40 million in 2023.
Our role in the transaction
Oaklins’ team in the Netherlands acted as the exclusive buy-side M&A advisor to The Timken Company and assisted in all aspects, from initiating the transaction to structuring and negotiating premium deal terms. This deal complements a long list of mergers, acquisitions and divestments Oaklins has advised on in the marine equipment industry. On the back of this track record, Oaklins has detailed insights in sector dynamics, valuation trends and personalities as well as buyer and target universe.
Talk to the deal team
Warner Boumeester
Oaklins Netherlands
Related deals
Cibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Learn moreGramo has completed a mandatory public takeover bid for the shares of Deceuninck
Gramo BV has completed a mandatory public takeover bid for the shares of Deceuninck NV. The bid was launched after Gramo’s conversion of warrants increased its participation in Deceuninck above the 30% voting rights threshold, thereby triggering a mandatory takeover bid under Belgian takeover legislation. The transaction further strengthens the stability of Deceuninck’s shareholder base and supports the company’s long-term strategy focused on innovation, sustainability and operational excellence.
Learn moreGVS has completed a voluntary partial tender offer for its own shares
GVS S.p.A. has completed a voluntary partial public tender offer for 12.3% of its own share capital.
Learn more