# Timken to acquire GGB Bearing Technology for $305M

The Timken Company has signed an agreement to acquire GGB Bearing Technology from Enpro Industries for $305 million in cash. GGB is a global leader in metal-polymer plain bearings with expected fiscal 2022 sales of $200 million.

- Type: Acquisition
- Announced: 2022-09-06
- Value: $305.0M
- Status: announced
- Products: metal-polymer plain bearings, engineered bearings
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Timken](https://endata.com/companies/1700.md) (acquirer)
- [EnPro Industries](https://endata.com/companies/6239.md) (partner)
- [GGB Bearing Technology](https://endata.com/companies/65488.md) (target)

## Sources

- [uniquebearing.com](https://www.uniquebearing.com/news/the-timken-company-to-acquire-ggb-bearing-tech-61234547.html), 2022-09-22: "The Timken Company has signed an agreement to acquire GGB Bearing Technology (GGB), a business unit of Impro Industries."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.