.
MergerLinks Header Logo

New Deal


Announced

Completed

Timken completed the acquisition of GGB Bearing Technology from EnPro Industries for $305m.

Synopsis

Timken, a provider of engineered bearings and industrial motion products, completed the acquisition of GGB Bearing Technology, a provider of self-lubricating, prelubricated plain bearings and tribological polymer coating for various industries and applications, from EnPro Industries, an industrial technology company, for $305m. “The sale of GGB marks a significant milestone in our transformation to create a streamlined organization focused on our AST and Sealing Technologies segments, positioning Enpro for compelling growth. The sale also provides us with enhanced financial flexibility to expand our leading-edge capabilities in attractive end markets. On behalf of my Enpro colleagues, I thank the GGB team for their contributions to our company and wish them continued success in their next chapter as part of Timken," Eric Vaillancourt, Enpro President and CEO.

Show Details & Financials

Market Context

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US