# 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.

- Type: Acquisition
- Announced: 2024-08-05
- Where: Carson City, Nevada, United States
- Jobs: 130
- Status: announced
- Products: precision drive systems, harmonic drives, cycloidal drives
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Timken](https://endata.com/companies/1700.md) (acquirer)
- [CGI](https://endata.com/companies/23688.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/timken-to-expand-motion-control-platform-capabilities-with-acquisition-of-cgi-inc-302213869.html), 2024-08-05: "CGI's precision motion-control offerings closely complement our Cone Drive harmonic and Spinea cycloidal products."

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