The BAIER + KÖPPEL GmbH + Co. KG, one of the world-leading manufacturers of automatic maintenance systems, is acquired by a strong strategic partner. In the future, BEKA will belong to The Timken Company, a world-leading producer of bearings and power transmission products with headquarter in Canton, Ohio, USA.
The final processing still requires the consent of the responsible authorities, especially the Cartel Office.
Due to this acquirement, BEKA will be strengthened globally as today the company already exports about 70% of production.
According to Bernhard Köppel, the third-generation head and managing director of BEKA, the sale to the Timken Company is necessary to proceed the strong growth of the last years and to safeguard the plant and jobs there. „With the Timken Company, we have found the right partner for the future“, Bernhard Köppel says.
Further information will follow after the completion of the acquirement.