# PCX Aerostructures to acquire Timken Aerospace Drive Systems

PCX Aerostructures, LLC entered into a definitive agreement to acquire Timken Aerospace Drive Systems, LLC from The Timken Company. The deal is expected to close in Q4 2022.

- Type: Acquisition
- Announced: 2022-10-07
- Where: United States
- Status: announced
- Products: aerospace drive systems
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Timken](https://endata.com/companies/1700.md)
- [Timken](https://endata.com/companies/1700.md) (acquirer)
- [Timken](https://endata.com/companies/1700.md) (partner)
- [PCX Aerostructures](https://endata.com/companies/27361.md) (acquirer)
- [Timken Aerospace Drive Systems](https://endata.com/companies/66092.md) (target)
- [GGB Bearings](https://endata.com/companies/66448.md) (target)

## Sources

- [in.marketscreener.com](https://in.marketscreener.com/quote/stock/THE-TIMKEN-COMPANY-14605/news/An-unknown-buyer-agreed-to-acquire-Timken-Aerospace-Drive-Systems-LLC-from-The-Timken-Company-42104285/), 2022-10-25: "PCX Aerostructures, LLC entered into a definitive agreement to acquire Timken Aerospace Drive Systems, LLC from The Timken Company on October 7, 2022."
- [powertransmission.com](https://www.powertransmission.com/timken-closes-sale-of-aerospace-business-to-pcx-aerostructures), 2022-11-03: "The Timken Company has closed the sale of its Aerospace Drive Systems (ADS) business to PCX Aerostructures, LLC."
- [powertransmission.com](https://www.powertransmission.com/timken-completes-acquisition-of-ggb-bearings), 2022-11-07: "The Timken Company has completed its previously announced acquisition of GGB Bearings."
- [news.timken.com](https://news.timken.com/2022-11-07-Timken-Completes-Acquisition-of-GGB-Bearings), 2022-11-07: "GGB Bearings is a global technology and market leader of premium engineered metal-polymer plain bearings with expertise in material science, surface engineering and tribology."
- [prnewswire.com](https://www.prnewswire.com/news-releases/timken-completes-acquisition-of-ggb-bearings-301669659.html), 2022-11-07: "The Timken Company has completed its previously announced acquisition of GGB Bearings."

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