Timken India: Acquires GGB Technology, following management changes

Timken India Limited announced on November 3, 2025, its board's approval to acquire all equity shares of Timken GGB Technology Private Limited (GGB India). The acquisition will be executed through a share purchase agreement with Timken Europe B.V. and The Timken Company. This is considered a related-party transaction and is being conducted at arm's length.

GGB India, incorporated on March 6, 2007, specializes in bearings and sealing products, operating under the tradenames GGB and Garlock. The total cost of acquisition is approximately INR 1288 Million, translating to about INR 132.50 per equity share (of INR 10 each fully paid up). This acquisition is expected to enhance Timken India's product portfolio and improve operational efficiency within the group.

As of March 31, 2025, GGB India reported a paid-up capital of INR 97,229 and a turnover of INR 464,404. The completion of this acquisition is targeted for on or before January 2026. This strategic move follows GGB India's integration into the Timken group in November 2022 as part of a global acquisition by The Timken Company, USA.