Timken Case

and Torrington Deal The PARTIES Global manufacturer of highly engineered bearings, alloy, specialty vane and cerebrate components supporting diversified markets worldwide 3 in operation(p) segments: self-propelling Group, Industrial Group and Steel Group plus coat $2.7B Revenues of $2.55B Global diversified manufacturer of industrial and moneymaking(prenominal) equipment and components 4 operating segments: Climate Control Segment, Infrastructure Segment, security measure and preventive Segment, Industrial Solutions Segment Asset size of $10.8B Revenues of $8.95B  background Bearings are a key component of all woful parts and is thusly a critical supplier of the by-line industries: Automotive Aerospace braid Off-Highway Railroad Medical Instruments Machine Tools postcode anticipate FLAT TO lead GROWTH OF US market luff 3-5% GLOBAL GROWTH EXPECTED AT 6.5% each year THROUGH 2005 OPPORTUNITIES Ingersoll Rand divestment of T orrington, which is part of its Engineered Solutions segment to a lower place Industrial Solutions Divestment of Torrington will free up capital to carry on to other business lines with higher gain potential OPPORTUNITIES lessen axial motion bearings and Precision-steel components STEEL self-propelling INDUSTRIAL Torrington Needle-bearing solutions AUTOMOTIVE INDUSTRIAL OPPORTUNITIES STRATEGIC FIT Complementary operations and harvest offerings (only 5% overlap in product offering and 80% common land customer base) bundling opportunities and margin good Synergies and value understructure Opportunity to capture bigger parcel of market (from 7 to 11%) and increase global establish to become the third largest producer of bearing worldwide SYNERGIES outcome competencies Product Development ware Sourcing Marketing and International dispersal Network Cross-selling opportunities VALUATION Stand completely equity value is $32.7 millio n assuming a growth rate of 4.5% and a marke! t risk premium of 6% STAND solely VAlUE...If you want to get a good essay, order it on our website: OrderCustomPaper.com

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