The Timken Company announced it has reached agreement with ERIKS NV to acquire the assets of Revolvo Ltd., a specialty bearing company based in Dudley, U.K. Revolvo makes and markets ball and roller bearings for industrial applications in process and heavy industries. The company’s split roller bearing housed units are widely used by mining, power generation, food and beverage, pulp and paper, metals, cement, marine and waste-water end users. Timken has been steadily adding to its product portfolio as part of its growth strategy and over the past three years has acquired a number of new products and services including roller and engineered chain, lubrication systems, and gearbox, generator and motor repair services.
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 up-time, reduces maintenance costs and increases plant efficiency for end users.
The acquisition, expected to close within the next few weeks, is subject to certain customary closing conditions, including employee consultation. Terms were not disclosed.