Timken India’s board has approved the acquisition of equity shares of Timken GGB Technology Private Limited from Timken Europe B.V. and The Timken Company. The acquisition will be executed through a Share Purchase Agreement (SPA), expected to be finalized soon. This move aims to enhance the company’s product portfolio and operational efficiency. The board meeting concluded at 6:30 PM on November 3, 2025.
Strategic Acquisition Approved
Timken India Limited has announced that its Board of Directors has approved the acquisition of equity shares of Timken GGB Technology Private Limited (GGB India). The shares will be purchased from Timken Europe B.V. and The Timken Company through a Share Purchase Agreement (SPA). The SPA is currently being finalized by the parties and is expected to be executed shortly.
Details of Timken GGB Technology Private Limited
Timken GGB Technology Private Limited (GGB India) is involved in the bearings and sealing products industry. GGB India sells self-lubricating bearings under the GGB tradename, and sealing products under the Garlock tradename.
As of March 31, 2025, GGB India’s paid-up capital was INR 97.229 million and its turnover was INR 464.404 million.
Rationale for the Acquisition
The acquisition of GGB India will enhance Timken India’s product portfolio and is expected to improve entity rationalization and operational efficiency within the group. The company already holds 100% shares in GGB India. This transaction is considered a related party transaction but is being undertaken at arm’s length.
Acquisition Details
The cost of acquisition is approximately 1288 million INR (approximately Rs 132.50 per equity share of Rs 10 each fully paid up). The acquisition will result in 100% equity shares of GGB India being acquired. The target completion date is on or before January 2026.
GGB India was incorporated on March 6, 2007. In November 2022, GGB India became part of the Timken group as part of a global acquisition of GGB Bearings, USA by The Timken Company, USA.
Board Meeting Details
The Board Meeting commenced at 5:00 PM and concluded at 6:30 PM on November 3, 2025.
Source: BSE
