Timken India Ltd to Acquire Timken GGB Technology Private Limited for Approx. INR 132.50 Per Share

Timken India Ltd has announced its decision to purchase equity shares of Timken GGB Technology Private Limited from Timken Europe B.V. and The Timken Company through a Share Purchase Agreement (SPA). The transaction is expected to enhance the Company's product portfolio, achieve operational efficiency, and rationalize entity operations. The acquisition cost is approximately INR 132.50 per share, and the Company will acquire 100% equity shares of GGB India. The transaction is expected to be completed by January 2026.