Timken India Limited has informed the Exchange about Agreement to acquire shares of other entity
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Timken India's board has approved acquiring 100% equity shares of Timken GGB Technology Private Limited (GGB India) from its group entities — Timken Europe B.V. and The Timken Company — via a Share Purchase Agreement. The cash deal is valued at approximately INR 128.8 crore (around Rs 132.50 per share of Rs 10 face value). GGB India sells self-lubricating bearings (brand GGB) and sealing products (brand Garlock), with FY25 revenue of about INR 46.4 crore. It is a related party transaction done at arm's length, and the deal is expected to close by January 2026. The move is aimed at expanding Timken India's product portfolio and improving group-level operational efficiency.
This is a group-level consolidation that brings the bearings and sealing products business fully under Timken India, which could add incremental revenue and product depth. Since the target is already within the Timken group, the main effect for shareholders is portfolio expansion and synergies, with the deal likely to be EPS-accretive over time once synergies materialise.