Timken acquires assets of EXTEX Ltd.
The Timken Company (NYSE: TKR), a provider of friction management and power transmission products and services, has announced it has acquired the assets of EXTEX Ltd, a designer and marketer of replacement engine parts for the aerospace aftermarket.
EXTEX has almost 600 Federal Aviation Administration (FAA) parts manufacturer approval (PMA) components, most of which will be added to Timken's current portfolio of over 1,400 PMAs.
Timken said that EXTEX had sales of around USD15.4m in 2007. The company has been operating for 13 years and supplies replacement engine parts, including compressor and turbine blades and vanes, shrouds, nozzles and gears. It has served Rolls-Royce 250, Pratt & Whitney Canada PT6 and Honeywell auxiliary power units.
The acquisition terms were not disclosed.
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|Publication:||Airline Industry Information|
|Date:||Nov 4, 2008|
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