Timken To Acquire Ggb Bearing Technology, Expanding Its Engineered Bearing Portfolio With Complementary Products
Timken To Acquire Ggb Bearing Technology, Expanding Its Engineered Bearing Portfolio With Complementary Products
09/06/22, 11:04 AM
The Timken Company ( NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, has reached an agreement to acquire GGB Bearing Technology (GGB), a division of Enpro, Industries (including exclusive negotiations with respect to the French operations of GGB). Founded in 1899, GGB serves a variety of diverse customers, markets, geographies and applications with a product portfolio that complements existing Timken industry-leading engineered bearing solutions. GGB revenue is expected to be around $200 million in fiscal year 2022.