Industry News
Timken Completes Acquisition of CGI, Inc.
11 Sep,2024
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.
