Timken India to Acquire GGB India for INR 1288 Million
Filing Summary
The Board of Directors of Timken India Limited has approved the acquisition of 100% equity shares in Timken GGB Technology Private Limited (GGB India) for a cash consideration of approximately INR 128.8 Cr. The shares will be purchased from group companies Timken Europe B.V. and The Timken Company in a related-party transaction conducted at arm’s length. GGB India reported a turnover of INR 46.4 Cr for FY25. The acquisition is intended to enhance Timken India’s product portfolio and is expected to be completed by January 2026.
The Board of Directors of Timken India Limited approved a proposal to purchase 100% of the equity shares of Timken GGB Technology Private Limited (GGB India) on 3 November, 2025. The company will acquire the shares from Timken Europe B.V. and The Timken Company through a Share Purchase Agreement.
The total cost of the acquisition is approximately INR 1288 Million, which will be paid as a cash consideration. This translates to a price of approximately Rs 132.50 per equity share. The transaction is classified as a related-party transaction and is being conducted at arm’s length. The acquisition is scheduled for completion on or before January, 2026.
GGB India operates in the bearings and sealing products industry. The company sells self-lubricating bearings under the GGB brand name and sealing products under the Garlock brand name. The stated objects of the acquisition are to enhance the product portfolio of Timken India, achieve entity rationalization, and improve operational efficiency within the group.
For the fiscal year ended 31 March, 2025, GGB India recorded a turnover of INR 464 Million. The company’s turnover for the fiscal year 2024 was INR 463 Million, and for the fiscal year 2023, it was INR 405 Million. The company was incorporated on 6 March, 2007, and became part of the Timken group in November 2022.
Timken India Limited manufactures and distributes engineered bearings, including tapered roller bearings, and power transmission products. The company serves various sectors such as automotive, industrial, and railways. Its business strategy involves expanding its product range and manufacturing footprint to cater to both domestic and export markets.