Supply Side: STV, Timken
STV expands in the Southeast with a new office in Atlanta. Also, Timken broadens its automated lubrication systems capabilities with the acquisition of Bijur Delimon.
The Timken Company
Supply Side: Rail Vision, ROLLON Corp., Icomera/SpaceX Starlink, Tealinc LLC
Rail Vision unveils a new innovative active control system. Also, ROLLON Corp. expands its manufacturing operations in Michigan and opens a new business office space in New Jersey; Icomera and SpaceX Starlink team up to transform onboard rail connectivity; and Tealinc LLC marks one year under new ownership.
Timken to Acquire BEKA for $165MM
The Timken Company recently reached an agreement to acquire BEKA Lubrication for approximately $165 million. BEKA serves a range of industrial sectors such as wind, food and beverage, rail, on- and off-highway, and other process industries. BEKA sales are expected to be around $135 million for the full year 2019.
Stronger leaf chains give railroad a big lift
An improved inspection process coupled with an innovative design change is driving down crane maintenance costs for one intermodal operator. Content courtesy The Timken Company; based on a recent collaboration with one of the nation’s largest rail carriers.