M&A Deal Summary

Timken Acquires CGI

On August 5, 2024, Timken acquired manufacturer CGI

Acquisition Highlights
  • This is Timken’s 18th transaction in the Manufacturing sector.
  • This is Timken’s 28th transaction in the United States.
  • This is Timken’s 1st transaction in Nevada.

M&A Deal Summary
Date 2024-08-05
Target CGI
Sector Manufacturing
Buyer(s) Timken
Deal Type Add-on Acquisition

Target

CGI

Carson City, Nevada, United States
CGI manufactures precision drive systems serving a broad range of automation markets with a concentration in medical robotics. CGI is based in Carson City, 89706, Nevada.

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Buyer(S) 1

Buyer

Timken

North Canton, Ohio, United States
Category Company
Founded 1899
Sector Machinery
Employees19,000
Revenue 4.8B USD (2023)
DESCRIPTION
Entrance to Timken's corporate headquarters in North Canton, Ohio.
Entrance to Timken's corporate headquarters in North Canton, Ohio.

Timken designs, engineers, manufactures and markets Timken bearings, transmissions, gearboxes, chain and related products, and offers a spectrum of power system rebuild and repair services around the world. Timken was founded in 1899 and is based in North Canton, Ohio.

DEAL STATS #
Overall 40 of 40
Sector (Manufacturing) 18 of 18
Type (Add-on Acquisition) 35 of 35
State (Nevada) 1 of 1
Country (United States) 28 of 28
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-21 Lagersmit Sealing Solutions

Alblasserdam, Netherlands

Lagersmit Sealing Solutions is a manufacturer and sells shaft seals for ship screws, pumps and tidal turbines. Lagersmit Sealing Solutions was established in 1856 and is headquartered in Alblasserdam, Netherlands.

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