The timken company (nyse:tkr) completed the acquisition of baier + kÖppel gmbh + co. kg from a family.

The timken company (nyse:tkr) reached an agreement to acquire baier + kÖppel gmbh + co. kg from a family for approximately $170 million on september 16, 2019. the transaction will be funded with cash and existing debt facilities. the transaction is subject to regulatory review approval in germany and is expected to close during the fourth quarter of this year. timken expects the transaction to be accretive to earnings in 2020. ansgar rempp and christian krebs of jones day acted as legal advisors to the timken company. the timken company (nyse:tkr) completed the acquisition of baier + kÖppel gmbh + co. kg from a family on november 1, 2019.
TKR Ratings Summary
TKR Quant Ranking