The Timken Company Acquires CGI, Inc.
August 5, 2024
The Timken Company has completed its acquisition of CGI, Inc., a family-owned Nevada manufacturer of precision drive systems that serves automation markets with a concentration in medical robotics. CGI employs roughly 130 people and is expected to generate about $45 million in sales in 2024; the acquisition expands Timken's precision motion-control portfolio and capabilities.
- Buyers
- The Timken Company
- Targets
- CGI, Inc.
- Industry
- Manufacturing
- Location
- Nevada, United States
- Transaction Type
- Buyout
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