Back

Timken completes sale of belts business to Gates

Verifying
  • The Timken Company completed the sale of its belts business assets to Gates Industrial Corporation Ltd.
  • 2026 transaction terms were not disclosed, while proceeds will support Timken's capital allocation priorities.
  • Timken expects the divestiture to improve Industrial Motion margins and increase EPS in 2027.
The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.