Timken to expand motion-control platform, capabilities with acquisition of cgi inc.

Addition will create unmatched portfolio of precision drives north canton, ohio , aug. 5, 2024 /prnewswire/ -- the timken company (nyse: tkr;  www.timken.com ), a global technology leader in engineered bearings and industrial motion, has agreed to acquire cgi inc., a nevada-based manufacturer of precision drive systems serving a broad range of automation markets with a concentration in medical robotics. the deal is subject to customary closing conditions, including regulatory approval, and is expected to close in the third quarter.
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