The Timken Company has reached an agreement to acquire Nadella Group, a leading European manufacturer of linear guides, telescopic rails, actuators and systems and other specialized industrial motion solutions, from ICG plc.

With the new SKF Bearing App for the popular Ansys Mechanical Finite Element Analysis (FEA) software, engineers no longer need to rely on approximations or complex, unreliable models in their simulations. 

The Science Based Targets initiative (SBTi) has validated the Schaeffler Group’s targets for reducing greenhouse gas emissions as being in conformity with SBTi criteria and recommendations and hence in line with what the latest climate science considers necessary in order to meet the goals of the Paris Agreement. The global automotive and industrial supplier is committed to cutting its absolute Scope 1 and Scope 2 greenhouse gas emissions by 90 percent by 2030, with 2019 as its base year. The company has also set itself the target of reducing its absolute Scope 3 greenhouse gas emissions from purchased goods and services, fuel- and energy-related activities, and upstream transportation and distribution by 25 percent over the same period.