Timken Completes Acquisition of CGI, Inc.

Release Time：11 Sep,2024

<p style="text-align: center;"><img src="/ueditor/php/upload/image/20240911/1726059477129521.png" title="1726059477129521.png" alt="2.png"/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">The Timken Company (NYSE: TKR;?www.timken.com), a global technology leader in engineered bearings and industrial motion, has completed its previously announced acquisition of CGI, Inc.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">CGI, Inc. manufactures precision drive systems serving a broad range of automation markets with a concentration in medical robotics. The business employs approximately 130 people and is expected to generate around&nbsp;$45 million&nbsp;in sales in 2024.&nbsp;&nbsp;</span></p><p><br/></p>