Gates Completes Acquisition of the Belts Business from The Timken Company
Why now
Thesis: Small industrial divestiture, limited read-through
Catalyst to watch: Integration and synergy disclosure
Main risk: Deal terms undisclosed, hard to assess
Why it matters
An industrial asset sale reshapes belt-supply ownership but is small relative to both firms' revenue.
Details
DENVER, Sept. 28, 2026 /PRNewswire/ -- Gates Industrial Corporation Ltd. (NYSE: GTES), a leading global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced it has completed the acquisition of the belts business of The Timken Company,...
Sources
- prnewswire · 2026-09-28 20:31 UTC
- prnewswire · 2026-09-28 20:26 UTC