In furtherance to our earlier communications dated 3 November, 2025 & 22 November, 2025, we wish to inform that purchase of equity shares of Timken GGB Technology Private Limited from Timken Europe B.V. and The Timken Company has been completed on 1 December, 2025. You are kindly requested to take note of above.
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Timken India has completed the purchase of 100% equity shares of Timken GGB Technology Private Limited from its group entities — Timken Europe B.V. and The Timken Company — on 1 December 2025. This follows earlier communications dated 3 November and 22 November 2025 regarding the transaction. Timken GGB Technology is now a wholly-owned subsidiary of Timken India. The deal consolidates the Timken group's friction products and bearing technology operations under its Indian listed entity.
The acquisition strengthens Timken India's product portfolio and operational footprint by bringing a related business fully under its control, which could improve margins and strategic flexibility. Shareholders should expect fuller disclosures on deal value, financial impact, and any related-party transaction terms in upcoming filings.