The Timken Company, an engineered bearings and industrial motion products company, has bought Nadella Group, a European manufacturer of linear guides, telescopic rails, actuators and systems and other industrial motion parts, from ICG Plc.
Nadella has 450 employees and operates manufacturing facilities in Europe and China. The acquisition of Nadella looks to further Timken’s strategy of expanding and scaling its industrial motion product portfolio, which includes linear motion and other engineered products that are designed to improve the reliability and efficiency of industrial equipment and machinery. The transaction will be funded with cash on hand and borrowings from credit facilities.
“Nadella will complement and scale our linear motion product portfolio and deliver strong synergies with our Rollon business,” states Christopher Coughlin, Timken executive vice president and president of industrial motion. “Nadella’s differentiated solutions are custom engineered for premium applications in attractive and growing market sectors, including medical, food and beverage, packaging and automation. We also see significant growth opportunities for Nadella products in North America as part of Timken.”