NSK acquires United States bearing repair company Alliance Bearing Repair Ltd.
In March 2022, NSK Ltd. announced the acquisition of Ohio based Alliance Bearing Repair Ltd. for an undisclosed price. The acquisition expands NSK’s repair services and reduces bearing life cycle costs for customers. Industrial machinery bearings have grown as a percentage of revenue since 2018. Car and Automobile Manufacturing in the United States fell an estimated 27.1% in 2020, according to IBISWorld. Revenue in the Americas also declined from 2019 to 2020, but is expected to increase in 2021. NSK may be interested in revamping its business in the United States through this acquisition.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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