Timken Acquires Intelligent Machine Solutions, Expanding Rollon? Linear Motion Solutions in Industrial Robotics
<p><img src="/ueditor/php/upload/image/20210823/1629707482761705.jpg" title="1629707482761705.jpg" alt="3.jpg"/></p><p>The Timken Company (NYSE: TKR), a global industrial leader in engineered bearings and power transmission products, has acquired Intelligent Machine Solutions (iMS), a manufacturer of industrial robotics and automation solutions. The addition of iMS expands and complements Timken's Rollon? linear motion product range with larger and heavy-duty applications, such as seventh-axis robotic transfer units (RTUs) and gantry systems.</p><p><br/></p><p>iMS, which was founded in 2008, is based in Norton Shores, Michigan, in the United States. The company, which has approximately 20 employees, designs and manufactures floor-mounted, overhead, rotary and extreme seventh-axis RTUs and gantry systems used by manufacturers across industries to automate certain production processes. iMS will increase Rollon's leadership in robotics and automation and in new and growing end-market sectors, such as packaging and marine, as well as aerospace and automotive production plants. Furthermore, the addition of iMS enhances Rollon's operational footprint in the United States, a key strategic objective for the business.</p><p><br/></p><p>"The acquisition of iMS builds upon our established engineering expertise in power transmission and will enable us to compete more effectively and win new business in the heavy-duty linear motion space," said R¨¹diger Knevels, chief executive officer of Rollon. "This deal expands our product line and creates new opportunities for us in the growing and global $700 million robotic transfer unit industry." </p><p><br/></p><p>Timken entered the linear motion product space in 2018 with the acquisition of Europe-based Rollon, a leader in engineered and specialized linear motion products, including linear guides, telescopic rails, and linear actuators and systems used in a wide range of industrial and commercial applications.</p><p><br/></p><p>iMS revenues for the 12 months ended June 30, 2021 were approximately $6 million. Other terms of the transaction were not disclosed.</p><p><br/></p>
23 Aug,2021
