1998 W ajax acquired Bearing Power and Harvey Bearing 2001 All of the Industrial Components business units merged to form Kinecor Inc. 2002 Pacifc North Equipment divested 2005 W ajax Limited converted to an income trust and changed its name to W ajax Income Fund Changed name of Diesel Engines division to Power Systems division Acquisition of Midwest Detroit Diesel-Allison Ltd., the Detroit Diesel engine and Allison transmission distributor for Manitoba, Saskatchewan and Nunavut Spencer Industries U.S. operations sold ~ 22 ~ W ajax T imeline