Timken India Limited — JV/Acquisition, 03-11-2025: Acquisition

Timken India is acquiring 100% of Timken GGB Technology Private Limited (GGB India) for approximately ₹128.8 Cr. This strategic move aims to expand Timken India's product portfolio by adding self-lubricating bearings and sealing products. The acquisition, a related party transaction within the group, is expected to boost operational efficiency and streamline entities. This strengthens Timken India's market position, offering a broader range of products to its customers. The deal is expected to close by January 2026.