# Timken acquires GGB France and GGB group for $305M

Timken has acquired GGB France and the entire GGB group for $305 million. GGB France, based in Annecy, is a specialist in antifriction solutions.

- Type: Acquisition
- Announced: 2022-11-14
- Where: Annecy, France, France
- Value: $305.0M
- Status: completed
- Products: antifriction solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Timken](https://endata.com/companies/1700.md) (acquirer)
- [Enpro Inc.](https://endata.com/companies/4299.md) (partner)
- [GGB](https://endata.com/companies/66620.md) (target)
- [GGB France](https://endata.com/companies/66621.md) (target)

## Sources

- [lejournaldesentreprises.com](https://www.lejournaldesentreprises.com/breve/ggb-france-change-de-main-2049129), 2022-11-14: "GGB et sa filiale GGB France, créée à Annecy juste après la seconde guerre mondiale, étaient jusqu’alors détenus par une autre entreprise de technologie industrielle américaine, Enpro."

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