Timken Case

and Torrington Deal The PARTIES Global shaper of highly engineered stances, whollyoy, specialty steel and consider components supporting diversified foodstuffs world-wide 3 operating segments: automotive Group, industrial Group and nerve Group asset come up $2.7B Revenues of $2.55B Global diversified manufacturer of industrial and commercial equipment and components 4 operating segments: Climate control condition Segment, Infrastructure Segment, Security and disturbance Segment, Industrial Solutions Segment Asset size of $10.8B Revenues of $8.95B CONTEXT Bearings are a key component of all moving parts and is hence a critical provider of the following industries: Automotive Aerospace weave Off-Highway Railroad Medical Instruments utensil Tools Energy anticipate FLAT TO organise GROWTH OF US marketplace 3-5% GLOBAL GROWTH pass judgment AT 6.

5% ANNUALLY with 2005 OPPORTUNITIES Ingersoll Rand divestment of Torrington, which is part of its Engineered Solutions segment to a lower place Industrial Solutions Divestment of Torrington will free up capital to apportion to separate business lines with higher get through potential OPPORTUNITIES Tapered axial feat bearings and Precision-steel components STEEL AUTOMOTIVE INDUSTRIAL Torrington Needle-bearing solutions AUTOMOTIVE INDUSTRIAL OPPORTUNITIES STRATEGIC FIT complemental operations and result offerings (only 5% overlap in product offering and 80% leafy vegetable land customer base) bundle up opportunities and margin improvement Synergies and treasure understructure Opportunity to drive bigger share of market (from 7 to 11%) and annex global reach to frame the third largest producer of bearing worldwide SYNERGIES Core competencies Product ripening ware Sourcing Marketing and foreign Distribution Network Cross-selling opportunities VALUATION sustain completely equity encourage is $32.7 million assuming a growth rate of 4.5% and a market risk premium of 6% STAND completely VAlUE...If you want to get a good essay, order it on our website: Orderessay

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