North Canton, Ohio-based Timken Co. has acquired AeroTorque Corp., a U.S. manufacturing and engineering firm for torque damping products and torque monitoring for wind turbines. Terms of the deal were not disclosed.
According to AeroTorque, the deal includes the assets of PT Tech, as well as wind torque controls, industrial clutches and brakes.
“Acquiring the AeroTorque business expands our offering in existing and comparable end markets,” says Hans Landin, Timken’s vice president of mechanical power transmission.
Timken engineers, manufactures and markets bearings, gear drive systems, chains, belts, couplings and lubrication delivery systems.
“This acquisition allows us to better serve our customers by offering a broader, more diverse package of products and services,” says Richard G. Kyle, Timken’s president and CEO. The addition of PT Tech will also provide ample growth opportunities as we leverage our portfolio to drive growth across complementary markets around the world.”