Timken to Acquire Groeneveld Group, Enhancing its Lubrication Systems Platform

Tuesday 27 June 2017

The Timken Company, a global leader in engineered bearings and mechanical power transmission products, today announced that it has reached an agreement to acquire Groeneveld Group, a leading provider of automatic lubrication solutions used in on- and off-highway applications, for approximately $280 million. For the 12 months ending May 31, 2017, Groeneveld Group sales were approximately $105 million. The transaction is expected to be accretive to adjusted earnings per share in 2017.… Read more...

Groeneveld ICT Solutions entering the German market

Wednesday 5 October 2016

Groeneveld ICT Solutions, a division of Groeneveld Group in the Netherlands, is expanding its European footprint by entering the German market. Groeneveld ICT Solutions provides state-of-the-art Telematics and TMS solutions for the transport and logistics world. With the appointment of ICT specialist Heiko Janssen in the position of Sales Manager for Germany, the company is making a solid start to offer its ICT-products and services to the German transport and logistics market. Read more...