◂ Announcements

Aug 5, 2024ACQUISITIONCarson City, Nevada, United States

Timken to acquire CGI Inc.

The Timken Company has agreed to acquire CGI Inc., a Nevada-based manufacturer of precision drive systems for automation markets including medical robotics. The deal is expected to close in Q3 2024.

Jobs

130

Status

Announced

Productsprecision drive systemsharmonic drivescycloidal drives

CompaniesTimken acquirer CGI target

Sectors#Automation and Robotics

“CGI's precision motion-control offerings closely complement our Cone Drive harmonic and Spinea cycloidal products.”prnewswire.com

1 source
prnewswire.comTimken to Expand Motion-Control Platform, Capabilities with Acquisition of CGI Inc.The Timken CompanyAug 5, 2024

Summarized from public sources; check the original articles before acting on it.

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Timken to acquire CGI Inc. · Endata