Timken Completes Acquisition of CGI, Inc.

Source: www.gulfoilandgas.com 9/10/2024, Location: North America

The Timken Company (NYSE: TKR;?www.timken.com), a global technology leader in engineered bearings and industrial motion, has completed its previously announced acquisition of CGI, Inc.

CGI, Inc. manufactures precision drive systems serving a broad range of automation markets with a concentration in medical robotics. The business employs approximately 130 people and is expected to generate around $45 million in sales in 2024.

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